Academician of the currency circle: The conspiracy of the main force on September 18: the price manipulation game of DOGS coin, don’t be a fool! Latest market analysis
With the interest rate cut approaching, beware of DOGS harvesting suckers: the main force has sinister intentions, don't be a leek
Personal opinions of academicians in the currency circle about DOGS:
As the expectation of the Fed's rate cut gradually heats up, market sentiment also fluctuates. In this context, investors need to remain vigilant, especially in some high-risk assets, such as the speculation of "DOGS" cryptocurrencies (such as Dogecoin, etc.) has become more and more obvious. This article will explore the impact of rate cuts on the market and how to identify potential "harvesting suckers" to help investors avoid becoming the main leeks.
Lower interest rates usually mean increased liquidity, lower funding costs, and higher risk appetite among investors. This policy is intended to stimulate economic growth, but it also brings great volatility to the market. In this environment, many investors may blindly chase high-yield assets, especially those cryptocurrencies known as "DOGS."
DOGS Major manipulation: When market liquidity increases, major funds may use the “suckers” strategy to control prices and induce retail investors to enter the market.
Identify the signal of harvesting suckers. The price rises rapidly and then suddenly pulls back: When DOGS assets rise rapidly in a short period of time and then experience a sharp pullback, it may be that the main force is harvesting. Social media hype: The main force often uses social media to create public opinion and attract the attention of retail investors. Investors need to be vigilant about hot topics and not blindly follow the trend.
Avoid becoming a leek. Rational analysis: Avoid making decisions due to emotional fluctuations. Effectively control losses in high-risk assets and avoid being "harvested" in market fluctuations.
Although interest rate cuts help stimulate the economy, they also bring new risks to the market. Speculation in DOGS-type cryptocurrencies is becoming more and more obvious. Investors need to remain vigilant and identify potential "harvesting suckers". Only through rational analysis, setting stop losses and diversifying investments can we effectively avoid becoming leeks in the market. In this market full of opportunities and challenges, rationality and caution are always the key to success.
Technical aspects:
Let's look at the current trend of DOGS. Let's start with the price trend analysis. The current K-line pattern fluctuates in the range of 0.00095 to 0.00102, forming a relatively obvious shock consolidation range. Technical indicators MACD: DIF and DEA are both below the zero axis, and the MACD histogram is close to zero, indicating that the market is in a weak and volatile state. The RSI14 value hovers around 40, indicating that the market has no clear direction. MA7 is lower than EMA30, and EMA120) is higher than the current price. The short-term trend is bearish. The overall trend is currently in a wait-and-see stage. The long and short positions are currently in a delicate stage. What are they waiting for? Naturally, they are waiting for enough chips to start harvesting. I hope that both veterans and novices will not touch this kind of new currency, and it is better to focus on the old currencies.
Here, I wish my fans to achieve financial freedom in 2024. Let’s cheer for them together!
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This article is exclusively contributed by the academician of the currency circle and only represents the exclusive views of the academician
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