2026-01-08 02:27:26

Dogecoin's recent trend doesn't look very good. In the past 24 hours, there has been a net outflow of approximately 187 million coins, steadily decreasing from morning to night, with no sign of a buying surge.

What's even more heartbreaking is that whether it's large, medium, or small orders, all are flowing out. Large orders outflowed 35.8 million, medium orders 24.9 million, and small orders also reached 4.5 million. Both the main players and retail investors are really leaving together this time, and no one is willing to take the buy-in.

Meanwhile, the concentration of chips within the market is actually increasing. The price is moving sideways with fluctuations, but holdings are becoming more concentrated—this pattern is very familiar, a typical "hold tight without pulling back, waiting to smash."

Looking at the technical aspect, it is indeed worrying. The daily chart is still below the MA99 (around 0.166), and the overall trend has not reversed. The move from 0.116 to 0.152 is essentially a rebound correction, not a trend reversal. Currently, it is pulling back with reduced volume around 0.147, and the energy is clearly waning.

If you want to short, the general idea might be:

The entry zone for short positions is between 0.148 and 0.152. Place the stop-loss above 0.158, as the previous high and moving averages are pressing down there.

Take profit at three levels: 0.138, 0.130, and 0.120. The last target will only be reached if market sentiment continues to deteriorate.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes

Reward
19
7
Repost
Share

Comment

0/400

BetterLuckyThanSmart

· 5h ago

The main force and retail investors are running together, and this time there's really no one to take over. --- It's the same old "hold and wait to smash," getting tired of it. --- Volume contraction and pullback indicate energy decay; entering short positions at 0.148 is somewhat interesting. --- Always talking about reversal, but still lying below MA99. --- All large, medium, and small orders are flowing out, which is really a dead end now. --- An increase in concentration of chips is actually a signal; be cautious. --- If it can't break below 0.147 again, consider shorting. --- Rebound correction is not a reversal; think clearly about this to avoid being fooled. --- Waiting to see if the 0.138 level can be smashed; if it really drops, this wave of shorts will be comfortable. --- The absence of a suction cup indicates there's really no one above.

View OriginalReply0

ShibaSunglasses

· 13h ago

Major players and retail investors are all running away together. This time, there's really no one to take over. Really? It feels like a bottoming phase again. Could it be that the big players are just shaking out the weak hands? Be cautious with short positions; it's easy to get wiped out. How low will this decline go? Feeling a bit anxious. Interestingly, the concentration of chips has increased. What does that indicate? It feels like there's no bottom; I can't quite understand the current tactics. Volume contraction during the pullback indicates energy decay—classic sign of a breakout. Can it really reach the 0.120 level? That's too pessimistic.

View OriginalReply0

BlockchainBrokenPromise

· 01-09 08:58

Main forces and retail investors are running together; no one is left to take the bait in this game. --- Another routine of "holding and waiting to crash," seen too many times. --- 0.147 pulls back with decreasing volume, all energy exhausted, how can it rebound next? --- Large, medium, and small orders are all flowing out; this signal couldn't be more obvious. --- MA99 is still pressing down; don't expect any trend reversal, just a correction rebound. --- It looks quite risky; entering a short at 0.148 might still have a chance. --- The concentration of chips is still increasing; this is the most disgusting part. --- From 0.116 up to 0.152, everyone was trapped; truly brilliant. --- Net outflow of 187 million coins; this number is exhausting to look at. --- Taking profit at 0.120 probably requires waiting until the sentiment completely collapses.

View OriginalReply0

PortfolioAlert

· 01-08 02:56

The main force and retail investors are running together, how can this survive? --- Once again, it's the same old manipulation trick, tired of seeing it. --- Volume contraction and pullback indicate diminishing energy, short positions should be prepared for ambush. --- 0.147 is really meaningless, need to keep watching lower. --- All orders are flowing out, who still dares to buy the dip? --- Feels like it will continue to drop, 0.130 might not even be the bottom. --- The increase in concentration of chips is so obvious, the tactics are too old. --- The daily chart is still below MA99, what rebound? No rebound at all. --- This short-selling strategy seems pretty clear to me, just need to wait for 0.148. --- Pulling from 0.116 to 0.152 is completely useless, just a scam to fool the little guys.

View OriginalReply0

APY_Chaser

· 01-08 02:56

Main players and retail investors are running together, now really no one dares to take the bait

View OriginalReply0

NFTPessimist

· 01-08 02:49

It's really "main players and retail investors running together." I've seen this trick many times before, and now they're starting to manipulate the market again. Same old story, the more concentrated the chips become, the worse it is. Volume shrinking and falling back, all the energy is gone, there's no hope to be seen.

View OriginalReply0

LiquiditySurfer

· 01-08 02:45

The main players and retail investors are running together, and no one is willing to buy the dip this time. It feels like it's going to crash. Upcoming comments: Shorting should wait until below 0.148 to act, otherwise you'll be the one caught. After such a long consolidation, the chips are still concentrated, typical of a big move coming. The energy decay is so obvious, the rebound and recovery didn't hold, the trend is still downward. For three-tier profit-taking, I favor the 0.138 level; the others are basically unlikely. This control of the market is really clever, giving retail investors a false sense of security. The MA99 resistance can't be broken through at all, forget about any reversal. A net outflow of 1.87 billion yuan, as soon as I saw this number, I knew there was no good news. Large, medium, and small orders flying in unison—that's the most heartbreaking, showing there's really no confidence left. Is 0.152 the top? It doesn't look like it to me; it might go lower. Now, only experienced traders are entering short positions; the new retail investors have already been shaken out.

View OriginalReply0