$DOGE The market's most toxic trait isn't a sharp decline, but rather those movements that look like they're about to take off, but in reality are digging a trap—today, DOGE is playing that game.

I glanced at a 4-hour chart on a certain exchange this morning. That weak little bullish candle combined with the pattern nearby just looks off. The chart shows a standard bearish ABCD structure, and the price is just hitting the D point—exactly the most impulsive "breakout point." Someone was still shouting in the group yesterday, "Elon Musk can send a tweet and it will fly," but look at the fund flow: a net outflow of 2.42 million. If it were truly going to rally, would big players be dumping chips like this?
This scene feels familiar. In October last year, DOGE also had a similar pattern, reaching a high point, everyone waiting for a breakout, but the next day, a single bearish candle buried all the chasing buyers, trapping them for at least half a month.
From a technical perspective, it further confirms the issue: the MACD green bars have shrunk a bit, but the DIF line is still below DEA and hasn't turned upward; RSI is stuck at 42, a weak zone that’s neither here nor there; KDJ is even more brutal, dropping near 10. This combination isn't a bullish signal; it looks more like a bearish breath before the next move.
On the news front, things are a bit lively—old rumors that "Tesla might support DOGE" are being recycled and hyped again. But if you really look at on-chain data...
(By the way, the data behind this is even more interesting, but it depends on whether you're willing to face reality.)$ETH ‌$ETH ‌