DOGE has completed a false breakout at a relatively weak oscillation structure near the previous low. Subsequently, a small head and shoulders structure formed, ultimately rebounding upward along with the market.
The current position has once again come to test around 0.1839. Facing pressure from previous multiple tests. Whether it can break through this time remains a question.
First, the entire segment has passively risen, and the volume is somewhat insufficient. At the same time, selling pressure is beginning to show, and only when we see a renewed surge in volume breaking through this level, will the delayed continuation structure emerge. There will be new upward space afterwards.
Core opinion: Resistance is starting to appear at high levels, it is not recommended to chase high at this position.
Several positions to pay attention to
Support position
First position 0.177-0.174
Second position 0.171
Third position 0.168
Resistance position
First position 0.183-0.184 (currently testing)
Second position 0.19
Third position 0.197
Pay attention and like, wealth will come your way
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