$1MBABYDOGE

$1MBABYDOGE
Actually, some friends asked me about the situation of babydoge yesterday with the data in hand. From the data, it can be clearly seen that the main force is starting to escape. The data checked at 19:11 is roughly the position circled in the candlestick chart. After a slight drop, there was suddenly a rebound, bouncing back from the low of 0.58 to around 0.65, a rebound of more than ten points. The reason I say I don't recommend going short is precisely because of this; can retail investors control their emotions and not doubt themselves when encountering such a rebound of more than ten points?

After the rebound knocked out the retail investors' short positions, it continued to drop from 0.65 to the current 0.48. Babydoge has released a lot during the wide range of sideways fluctuations at the top. After it finished dumping, there was naturally no need to protect the market like the day before yesterday, when the market dropped but still tried to hold the line. During the process of the main force closing long positions, the drop was also expected.

From the current data, in these two days, closing long positions is the main theme of babydoge. I do not recommend recklessly bottom-fishing.