Many people ask about DOGE Dogecoin

Many brothers have been stuck at positions above 0.4,

this position was also where many KOLs called the bottom for DOGE in the last wave (the diamond hands community called at 0.14) and now they are generally trapped with losses of 25% to 30% or more.

Now many people are asking, what to do? Is there still a chance?

First of all, we need to clarify why DOGE rose in the last wave?

There are three factors for the rise of DOGE in the last wave,

The first factor is the overall upward trend in the market in early November, driven by the larger environment.

The second factor is Musk's calls, along with the government efficiency department established by Musk, abbreviated as D.O.G.E, which drove the rise.

The third factor is cyclicality, as there are several waves of meme seasons and dog seasons every year, the last wave was still in March, with sector rotation.

What is the current situation?

The overall market is in a downward shock, Bitcoin is declining, and altcoins are also declining, so the first condition is not met.

Many people who just got stuck are still holding on without cutting losses; we are currently in the phase of digesting the bubble, and it is unlikely that Musk will call again in the short term. The second condition is also not really met.

So my personal view is that in the short term, it is not very realistic for Dogecoin to return above 0.4 because a market recovery and rebound is very possible, but it is somewhat difficult to help you break even in one go. My personal suggestion is to switch positions. Change to other sector-leading coins with less upward movement that are at the bottom. Switch to coins with star effects, in the same sector, that the big players are paying attention to.