DOGE slightly retraced yesterday, continuing to rebound within the day, but it is obvious to see that the rebound strength and height are starting to face resistance. Resistance is quite obvious around 0.185.
Short-term signs of high-level stagnation are beginning to appear. If a further upward breakout cannot be sustained in the future, a short-term double top is about to form. Small-scale topping signals will emerge, with a risk of retracement.
Do not chase long positions at the current location, expect a breakout upwards; it is better to wait for a complete breakout before re-entering on a pullback, as the right-side risk is much smaller.
Several positions to watch
Support Position
First Position 0.172
Second Position 0.168
Third Position
Resistance Position
First Position 0.185
Second Position 0.189
Third Position 0.197
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