BSC Dogecoin recently faced resistance at the 700K-800K level, and the stagnation in gains is due to market participants' divergence. Some are fixated on the 1M mark, hoping for the next breakout; but experienced traders have already started reducing their positions at 800K, as no one wants to take the final step. The smart money is indeed many, everyone is calculating where others will run, which has instead turned into a mutual cut scenario. On New Year's Eve, impulsively chasing high at a bar, the first trade of 2025 ended in a loss, which is also a lesson for the new year. The market is like this; what seems like a simple resistance level actually tests patience and timing.
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SatoshiNotNakamoto
· 2h ago
800K is indeed the fox that should run; I'm still waiting for 1M. Now I understand what it means to be cut off.
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MrDecoder
· 2h ago
Chasing highs in the bar was fun for a while, but opening a new account at the start of the year is a total wipeout. This move really pushed it to the limit, haha.
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GreenCandleCollector
· 3h ago
800K should have run, but they're still waiting for 1M, typical bagholder mentality
BSC Dogecoin recently faced resistance at the 700K-800K level, and the stagnation in gains is due to market participants' divergence. Some are fixated on the 1M mark, hoping for the next breakout; but experienced traders have already started reducing their positions at 800K, as no one wants to take the final step. The smart money is indeed many, everyone is calculating where others will run, which has instead turned into a mutual cut scenario. On New Year's Eve, impulsively chasing high at a bar, the first trade of 2025 ended in a loss, which is also a lesson for the new year. The market is like this; what seems like a simple resistance level actually tests patience and timing.