12.1 Morning
doge encountered resistance near 0.1505, resulting in a long bearish candlestick, indicating strong selling pressure above; subsequently, the price quickly dropped to around 0.1477, currently in a state of low-level consolidation. After breaking below the middle track at 0.1493, it found support near the lower Bollinger band at 0.1481.
The KDJ indicator J value is at a low level, showing signs of overselling, indicating the possibility of a short-term rebound.
MACD indicator: DIF is below DEA, and the MACD bars are green, showing that short-term bearish strength still dominates.
In the short term, it is currently in a consolidation phase after the decline.
The upper pressure is around 0.1493, and the lower support is around 0.1481. If the price can effectively break through the 0.1493 position, it may test the pressure around 0.1505; if it falls below 0.1481, it may look for support around 0.1470.
In the short term, it is recommended to rebound to around 0.14833--0.1507, and light positions can be taken, with targets looking towards the vicinity of 0.1451--0.1432.
The above is only personal advice, for reference only, please refer to the layout by Haoyu Shipan #doge $DOGE
