I will analyze the impact of 668.63M DOGE being deposited into Binance and provide recommendations:

$DOGE

1. Impact Analysis:

Negative:

- Large deposit volume (668.63M DOGE) is often a sign of preparation for selling

- Directly impacted the price by falling 2.08% immediately after deposit

- Creating significant hidden selling pressure in the short to medium term

- Could be a sign of "whales" wanting to offload

Positive:

- Could be a move to provide liquidity for the exchange

- Not immediately sold off, indicating it may be a long-term strategy

- Create trading volume, may increase market attractiveness

2. Risk Assessment:

Short term (1-3 days):

- High downside risk

- Large volume sell-offs can be observed

- Volatility may increase sharply

Medium term (1-2 weeks):

- Selling pressure may persist

- Time is needed for the market to absorb this amount of DOGE

- Possibility of sideways or downtrend

3. Trading Recommendations:

Defensive Strategy:

- Reduce exposure to DOGE

- Set tight stop loss for current positions

- Wait for the market to stabilize before opening new positions

Positive Strategy:

- May look for short opportunities when the price recovers

- Entry around the MA(20) resistance area 0.44115

- Tight stop loss to manage risk

4. Important Price Levels:

Support Area:

- 0.42843 (MA50)

- 0.41400 (Lowest recent)

- 0.40681 (MA99)

Resistance Area:

- 0.44115 (MA20)

- 0.47950 (Highest recent)

5. Action Plan:

Short term:

- Do not open new buy positions

- Consider shorting if breaking MA50

- Monitor selling volume of the newly deposited DOGE

Medium term:

- Wait for the market to absorb the new supply

- Look for entry points when signs of stabilization appear

- May accumulate gradually in strong support areas

6. Factors to Monitor:

- Movement pattern of newly deposited DOGE

- Unusual trading volume

- News related to this "whale"

- Volatility of BTC and the overall market

- Other on-chain indicators

7. Conclusion:

- Caution is the top priority

- Should reduce risk in the short term

- Wait for clearer signals from the market

- Manage capital tightly during this phase