I have been watching DOGE for almost two months, and now I have finally waited for the technical resonance.

The weekly MACD has just completed a golden cross, and the RSI indicator has also broken through the strong zone of 70. More importantly, the price is currently stuck at $0.186 - looking back at the historical trends, the last three times it hit this position, it later surged by more than five times. I'm not a believer in mysticism, but data doesn't lie.

Technology is just one aspect; the news front is even more explosive. Last night, Musk started his antics again, posting three DOGE emojis and changing his profile picture to that classic laser-eyed style. When he did this last year, DOGE skyrocketed from $0.05 all the way to $0.74. Early this morning, he retweeted a meme about "D.O.G.E Government Efficiency Department," and the comments section exploded, with tens of thousands spamming "to the moon." This guy never jokes around when he does this.

The more hardcore part is the ETF matter. Bitwise has already submitted an application for a DOGE spot ETF to the regulators, and insider news suggests that results could come as early as the end of November. Looking back at when the Bitcoin ETF was approved, it rose 30% in just three days. The market cap of DOGE is much smaller than that of Bitcoin, so if it really gets approved, the increase will be even more exaggerated.

On-chain movements are also very interesting. Today, suddenly 87 sleeping giant whale wallets that had been inactive for three years collectively moved, transferring 420 million DOGE to exchanges. At first glance, it looks like they are going to dump, but Glassnode data shows that exchange inventory has already dropped to a three-year low. I believe this is the big players washing out the market, intentionally scaring retail investors into giving up their chips. The real big funds are quietly locking up their assets.

I built my first position at $0.16, buying 20 million coins, and now I have an unrealized profit of about 15%. Yesterday, I added another 5 million coins, raising the average cost to just over $0.17. Based on the growth rate from 2021, coupled with the Musk effect and ETF catalysis, $7.2 is the conservative target I set for myself. Of course, this is just a personal judgment and does not constitute investment advice.

The current price is $0.18, and I think we are still in the window of opportunity to get in. When it really rises to $1, you might have to chase it up to $3 to buy the same amount. After being in the crypto space for eight years, such opportunities with multiple favorable factors are really rare. That said, the crypto market is very volatile, so don't go all in; it's crucial to manage your positions well.