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#美国终止政府关闭 1.17 Early Morning DOGE Trend Analysis
The current quote is 0.1571, and the situation is very clear - this is a bear market, short on any rebound, don't fantasize about a V-shaped reversal.
From a technical perspective, the 4-hour chart is firmly suppressed by the MA7 and MA30 moving averages, and every rebound fails to even touch the moving averages. This kind of trend can essentially be characterized as a weak consolidation. More importantly, there has been a net outflow of over 20 million USD recently, indicating a clear withdrawal of funds. At this point, trying to catch the bottom is akin to catching a falling knife.
How to play strategically? It's simple. You can place a short position around the current price of 0.157. If it rebounds to the range of 0.160-0.162, that would be the add-on position. Set the stop loss uniformly above 0.166, with the first target at 0.153. If this level is broken, decisively chase the short, with the next target at 0.150 or even lower.
Remember, when the trend is downward, every rebound is just giving you a better entry point. Don't go long against the trend; the market will not change direction because of your emotions.
Operation Reference:
Consider shorting in the 0.158-0.161 range ⬇️ First target 🎯 around 0.153
[Strategy for reference only, the market changes quickly, and specific operations need to be adjusted according to real-time charts] Observations from a veteran with seven years of market experience, focusing on mainstream cryptocurrency contracts, combining technical analysis with news assessments, and strictly controlling positions and risks is the first rule of survival. $DOGE $ETH