1. Current Recommended Direction - DOGE is currently bearish in the macro environment. It failed to break through the trend line and fell back into the trend line. Only short selling is allowed. Long positions are limited to pullbacks after failed structures and are not considered trend positions. - The price is in a critical triangle pattern between the daily trend line and the 4-hour uptrend line. There is a short-term opportunity for a tentative rebound, but if it is a false breakout and falls back and the CVD weakens, all long positions should be closed. 2. Position and Risk Management Recommendations - 88.2k is a minor resistance level. If the price tested this level during the European session and was not quickly pulled back, half of the long positions were closed. If the price closes above 88.2k for two or more consecutive hours, consider adding to the long positions. - Long are tentative and should be opened with light positions. They are intended to capitalize on short-term rebound opportunities. If a false breakout is followed by a pullback, all positions should be closed decisively. - Pay close attention to the price level of 88.2k and the CVD indicator. Stop-loss and take-profit orders must be adjusted quickly in response to structural changes. 3. Adapt to trading styles This strategy is suitable for aggressive short-term trading, allowing for quick entry and exit, and taking advantage of small-scale rebounds to capture short-term profits. - The macroeconomic environment is bearish, and it is not recommended to hold positions in the trend. Rebounds are the window of opportunity to escape. Investors who focus on trends should be cautious. Similarly, with BTC, the exchange rate is weak, making short-term speculation on rebounds the main strategy, and it is not suitable for stable medium-term or trend investing.
DOGE: Summary of Advanced Bitcoin Community Discussions in Tiafilo (16:00:08 ~ 17:00:08)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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