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$SIREN This wave of Dogecoin indeed outperformed my expectations.
My previous judgment was a rebound to 1.1-1.2, but it actually reached 1.7, deviating by over 40%. The market sentiment and retail investors chasing higher prices exceeded expectations, and the big players leveraged the momentum to push even harder.
What’s next?
The main players might push it further to 1.7-1.8, creating a false impression of “breaking through 2.0,” to attract the last batch of chasing buyers.
But the risk is increasing sharply: the big players are already unloading continuously. If buying momentum can’t keep up, a quick turnaround could happen at any time.
Key support: the 1.4-1.5 zone. If it breaks below, the rebound is over.
For those holding positions: above 1.7 is an excellent area to reduce holdings, sell in batches, and avoid greed for the last bit of momentum.
For those out of the market: don’t chase at this point. The risk-reward ratio is extremely poor here.
Summary: this rebound’s strength and sentiment are stronger than I expected, but the core logic remains unchanged—big players are pushing up to unload. The unloading zone has shifted from 1.1-1.2 to 1.6-1.8.
Currently, going long carries much higher risk than opportunity; be cautious.
My personal advice is to short at high levels, but control your position size. Your losses aren’t because your skills are lacking, but because of greed. Keep leverage below 5x, and position size below 5%.
Profit will come sooner or later. 💰
👇👇👇