Musk and DOGE's "new trick": is it an opportunity or a trap?
Musk made another surprise move: the department was renamed "DOGE", which instantly ignited the market, and the trading volume of Dogecoin soared! However, data shows that the proportion of sell orders is as high as 65%. Many people cashed out at the high point. If the buyer cannot keep up, the price may fall under pressure.
The Starlink launch was uneventful:
The positive news that was originally expected did not push up the price of DOGE.
This shows that the market pays more and more attention to actual value, rather than simply believing in the celebrity effect.
Two voices, confused market:
* Some people think the risk is too high and choose to wait and see;
* The other part is still optimistic about Musk's influence and expects the price to rise.
Three steps to calm operation:
1. Set clear goals: short-term profit can be taken near $0.40, and stop loss decisively if it falls below $0.35. 2. Keep a close eye on external news, especially Musk's dynamics and new policies.
3. Avoid blindly chasing the rise and judge market signals rationally.
Summary: Although market sentiment is high, uncertainty is still strong.
Keep your sanity, follow the news source, and don't be overwhelmed by volatility
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