The DOGE trend is relatively standard, the rebound is still blocked at 0.183 and starts to retreat. Therefore, the right shoulder of the head and shoulders pattern on the 4-hour level is slowly being constructed. The high point of the right shoulder at 0.183 is a relatively good short point.
The overall trend of Dogecoin is relatively standard and meets expectations. Next, observe the support near the trend line.
If it breaks the support at 0.17 again in the future, the downward space will be opened again, so the important defense position for the bulls is at this line.
Several positions that need attention
Support position
First position 0.17-0.168 (currently testing)
Second position 0.161
Third position 0.154
Resistance position
First position 0.183-0.185
Second position 0.193
Third position 0.2
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