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DOGE Signal | Quietly placing orders in the overbought zone, waiting for a wave, expecting a new high
Family members, Dogecoin is getting a bit hyped up now!
The 1-hour RSI has shot up to 90.16, firmly entering the overbought "crazy zone."
The 4-hour chart has even more momentum, breaking through the upper Bollinger Band at 0.1054, the bulls are surging fiercely.
Funding rate remains steady at 0.01%, open interest is stable, with three consecutive large-volume bullish candles, but dark currents are flowing beneath the surface, with sell orders secretly gathering to dump.
The current price at 0.10999 is tightly sticking to the 1-hour resistance level at 0.1095, donโt get caught up in the hype and chase high directly, risk blowing the top!
๐ฏ Trading idea: Donโt chase the rally, casually place buy orders and wait for opportunities
โก Entry order: 0.10944
๐ Stop-loss to protect your position: 0.09811
๐ First target: 0.10992
๐ Second target: 0.11036
๐ก๏ธSharing a couple of trading tips:
After your order is filled, if the price steadily holds above 0.1100, hold on and wait for a new high;
If it pulls back to 0.1094 with decreasing volume and stabilizes, donโt get itchy and add to your position recklessly, controlling your hands is how you make money.
Take half off at the first target to lock in profits, move the stop-loss to 0.1090, and secure your gains.
The market sentiment is insanely bullish right now, RSI is at a high level and appears dead, which doesnโt mean an immediate top or plunge, but beware of big players collectively taking profits and dumping.
This time, the order is very close to the current price, with a balanced risk-reward ratio. Letโs take profits when it looks good, quick in and out, donโt fall in love with the market! $DOGE $BTC $ETH