This guy Musk really makes people both love and hate him! He actually changed the department name to DOGE, which immediately made Dogecoin soar, and everyone got excited. The trading volume of DOGE is skyrocketing, but strangely, there are particularly many sell orders, accounting for 65%, which shows that many people are rushing to sell at high prices. If buyers can't keep up with this pace, Dogecoin is likely to drop.
Previously, everyone was hoping that the Starlink launch could boost DOGE, but in the end, there was no movement at all. It seems that the celebrity effect no longer works; the market is increasingly focused on tangible things.
Speaking of DOGE's future trend, some people feel that the risk is too great and are unwilling to easily increase their position or hold; but others believe Musk's influence is still there, and Dogecoin should have room for growth. These two views actually reflect everyone's uncertainty about the market direction.
To be honest, we need to calm down first and not be confused by the market's fluctuations. We need to set a profit and stop-loss point for ourselves; for example, if doing short-term trading, when we have made enough profit, we should sell around $0.4; if it drops to around $0.35, we need to quickly cut losses.
In addition, you should pay more attention to external news, especially what Musk is doing and any new policies, as these could affect the market trend.
Recently, I plan to ambush a potential coin that is ready to explode, doubling it is quite simple, and I also plan to find some potential coins to hold until the end of the year, expecting more than 10 times the space is not a problem, but spots are limited! If you want to keep up, like + leave a message.
