Is DOGE going to the moon? The ETF is launching this month, but I advise you not to get too excited!

The technical aspect looks quite strong, but be careful of "fake strength".
From the data, DOGE indeed has something going for it. The moving averages are neatly aligned, the MACD also shows strong buying activity, there is a clear influx of funds, and with the increased trading volume, the entire candlestick chart is shouting "I want to rise."
But don't rush in—RSI has already entered the overbought zone, indicating a short-term overheating. What's worse is that many whales have started transferring coins to exchanges recently, which is often a signal to dump. Don't get carried away by the "pump"; you could be buried at any time!
Is the ETF really coming? Don't be too happy too soon.
The market is buzzing that the DOGE ETF is set to be approved this month. Institutional interest in altcoin ETFs is indeed heating up, and the probability of approval seems quite high. Once approved, it will definitely create another wave of excitement.
But the question is: even if it passes, then what? Everyone has a sense of the overall market in the fourth quarter; the environment is unstable, and capital is cautious. The launch of the ETF may very well be "buy the rumor, sell the news," with prices stuck there, neither going up nor down. What you think is good news might just be a smokescreen for others to offload their assets.
What to do with the coins in hand? Remember this phrase: Sell when it rises a lot!
Don't always think about the "pattern", and don't let FOMO emotions drive you. How much of this surge in DOGE is driven by emotions, and how much is real demand? You ponder it, you contemplate it carefully.
My advice is: for those with profits, reduce your positions, don't be greedy; for those who haven't entered yet, don't chase the highs, it's better to miss out than to make mistakes. The market is not short of opportunities, but it lacks the ability to preserve your capital.
In conclusion, the show of DOGE is not over yet, but this month is likely to be a key turning point. Stay alert, don’t be swayed by the news, hold what you should hold, sell what you should sell - this is the only way to survive until the next bull market. #加密市场反弹