Dogecoin has caught my attention over the past two or three days with this recent rally, with an increase of nearly 40%. The speed is indeed a bit fast. Looking at the market, many retail investors are following the trend, and there is a strong sentiment of chasing highs. Such rapid short-term surges often indicate risk accumulation—after a significant influx of funds, profit-taking can easily occur. Once the price faces resistance and pulls back from high levels, retail investors who follow in are usually the first to be affected.

From a technical perspective, after such a quick rise, there is usually a need for correction. My approach is to wait for a pullback signal before considering short positions, with a take-profit set around 0.115. This level is a relatively rational risk control point. Of course, the actual market sentiment and overall trend support will also influence the decision moving forward.

In summary, be cautious when chasing high at elevated levels; controlling risk is key to long-term stability.