$DOGE has recently skyrocketed, reaching $0.42, which has made many people wonder: is this the peak, should we retreat? The market situation is complex and ever-changing, truly leaving people feeling lost.
Elon Musk, that guy, is really a character that people both love and hate. He changed the department name to DOGE, and instantly drove the price up, getting everyone excited. But this also made him a target; Trump is not on good terms with him, and coupled with his layoffs and company reforms, his relationship with the government is becoming increasingly strained. If something unexpected happens, the market environment could become even more confusing.
Looking at the spot market, the trading volume of DOGE has increased, but there are particularly many sell orders, accounting for 65%, which indicates that many people are cashing out at high prices. If the buyers do not keep up, the price is likely to drop.
Previously, everyone was hoping that the Starlink launch would boost DOGE, but the price remained stagnant, disappointing many. It seems that the celebrity effect is no longer effective; the market is increasingly valuing tangible things.
Regarding the trend of DOGE, some feel the risks are too high and are hesitant to increase their positions or hold; while others believe Musk's influence is still present, and there is room for price appreciation. These two perspectives reflect people's confusion about market uncertainty.
So, what should we do? I think, first, we need to calm down and not let market fluctuations cloud our judgment.
You need to set a profit and stop-loss point for yourself, for instance, in short-term operations, if you’ve made enough profit, you should sell around $0.42, and if it drops to around $0.35, you need to stop-loss quickly.
Additionally, you should pay more attention to external news, especially what Musk is doing, and any new government policies, as these could affect market trends.
Recently, I plan to scout a potential coin that is about to explode, doubling it should be quite simple. I’m also preparing to find some potential coins to hold until the end of the year, with an expected upside of over 10 times, no problem, but spots are limited! If you want to keep up, like and leave a comment.
