Coin Circle Academician: The conspiracy of the main force on September 18: the price manipulation game of DOGS coin, don't be a fool! Latest market analysis
The rate cut is coming, beware of DOGS harvesting and absorbing: the main force is treacherous, don't be a leek
Personal views of the Coin Circle Academician on DOGS:
As the expectation of the Fed's rate cut gradually heats up, market sentiment fluctuates accordingly. In this context, investors need to remain vigilant, especially in some high-risk assets, such as speculative behaviors in "DOGS" type cryptocurrencies (such as Dogecoin, etc.), which have become increasingly apparent. This article will delve into the impact of the rate cut on the market and how to identify potential "harvesting and absorbing" behaviors to help investors avoid becoming leeks of the main force.
A rate cut usually means increased liquidity, reduced cost of capital, and increased risk appetite for investors. This policy is aimed at stimulating economic growth, but it also brings great volatility to the market. In this environment, many investors may blindly chase high-yield assets, especially those known as "DOGS" cryptocurrencies.
DOGS main force manipulation: In the case of increased market liquidity, the main force funds may control prices through the "absorption" strategy, inducing retail investors to enter the market.
Identifying signals of harvesting and absorbing: Rapid price surge followed by a sudden pullback in DOGS-type assets may indicate the main force is harvesting. Social media hype: The main force often uses social media to create public opinion and attract retail investors. Investors need to remain vigilant about hot topics and not blindly follow the trend.
Avoid becoming leeks through rational analysis: Avoid making decisions based on emotional fluctuations. Effectively control losses in high-risk assets and avoid being "harvested" in market fluctuations.
Even though the rate cut helps stimulate the economy, it also brings new risks to the market. The speculative behavior of DOGS-type cryptocurrencies is becoming increasingly apparent, and investors need to remain vigilant and identify potential "harvesting and absorbing" behaviors. Only through rational analysis, setting stop-loss orders, and diversifying investments can one effectively avoid becoming leeks in the market. In this market full of opportunities and challenges, rationality and caution are always the keys to success.
Technical analysis:
Looking at the current trend of DOGS in the market, starting with price trend analysis, the current candlestick pattern fluctuates within the range of 0.00095 to 0.00102, forming a relatively obvious oscillating consolidation range. Technical indicator MACD: Both DIF and DEA are below the zero axis, and the MACD histogram is close to zero, indicating that the market is in a weak oscillating state. The RSI14 value hovers around 40, showing that the market currently has no clear direction. MA7 is below EMA30, and EMA120 is above the current price, indicating a short-term bearish trend. Overall, the trend is currently in a wait-and-see stage, and the long and short sides are in a delicate stage, waiting for sufficient chips before starting to harvest. It is hoped that whether you are an experienced trader or a novice, do not touch such new coins, and pay more attention to the older currency types.
With that, I wish my fans to achieve financial freedom in 2024, let's work together!
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