DOGE recently experienced a significant intraday increase, reaching 5.99%, attracting many to follow and chase the high. However, the technical analysis reveals an interesting picture — the 15-minute K-line has already touched the resistance level of the weekly supply zone, and the RSI indicator is starting to turn down from the overbought area, indicating that the upward momentum is weakening.

The current price is around 0.148. If you want to seize a short-term correction opportunity, you might consider the following approach: look for shorting opportunities between 0.148 and 0.152, with a stop loss set at 0.160. From a technical perspective, the first target can be aimed at 0.135, and if things go smoothly, the second target would be 0.120. Using leverage to capture this 1-2% correction range, achieving profit targets is actually not difficult. Large market players are frequently signaling distribution, indicating that some are gradually reducing their positions. At this point, it might actually be an opportunity for retail investors.