The recent rebound of Dogecoin can be considered for partial profit-taking. From the bottom, it has already risen by 30%, and the short-term gains are quite good.

Looking at the daily chart, a pullback to the EMA7 and EMA30 moving averages should provide support, which can serve as the launching point for Wave 2. If you want to continue holding your position to catch the next wave, these two moving averages are your defensive baseline.

Another signal is the change in funding rates. The funding rate for Dogecoin has been hovering around 0.01 in the past two days, reflecting strong bullish market sentiment. However, today it has started to fall back to 0.0056, indicating that the bullish enthusiasm is cooling down. This also serves as a reference for appropriately reducing your position.