11.23 Morning
doge is currently around the 0.14022 position, and the 1-hour K-line has formed a long upper shadow "Shooting Star" pattern at 0.1424, which is usually a signal of a short-term peak. Subsequent K-lines have shown several bearish candles, indicating that the price is retracing, but the retracement is not significant, suggesting that the bulls still have some support. It is currently near the upper track, indicating a strong area in the short term, but there is pressure for a pullback.
KDJ Indicator: K value 79.02, D value 78.76, J value 79.53, in the overbought area, indicating a need for a pullback.
MACD histogram is positive, showing that bullish momentum has slightly weakened, but there is still some support.
In the short term, it may oscillate within the range of 0.13857–0.14138. If it can break through 0.14138, it may challenge 0.1424 again; if it falls below 0.13857, it may further explore 0.13558.
Considering the above observations, it is recommended to buy on a pullback to around the 0.139--0.137 position, with a target towards the 0.141--0.143 position.
The above is only personal advice and for reference only, please take the layout of Haoyu Shipan as the standard $DOGE
