【$DOGE

Evening Structure Quick Review｜May 11】

Currently, the overall trend of DOGE is fluctuating near a critical dividing point:

📉3-Hour Level:

RSI has retraced to around 48, with momentum entering a neutral and weak zone;

Structurally, no Higher Low has appeared, and the trend has not stopped declining.

⏱️45-Minute Chart:

A Higher Low (HL) mark has appeared, but a Change of Character (CHoCH) has not been formed, and the structure has not reversed.

The Order Block (OB) zone being tested is likely from the 15-minute chart, positioned around 2.33, still within the price equilibrium zone.

⏱️15-Minute Chart:

A Higher Low (HL) has just formed, KDJ is still in death cross state, momentum lacks resonance, and the direction is unclear.

🔍 On-Chain Sentiment Interpretation:

Contract positions have reached new highs, but the long-short ratio is extremely skewed,

Binance large holder long ratio > 4.5, making it very susceptible to being “liquidated.”

CVD has not yet turned positive, and the main force has not revealed support signals,

Currently in a silent phase to observe the main force’s intentions.

📌 Preliminary Judgment:

If the Order Block (OB) zone (around $0.233) holds, and in conjunction with a 15m/3m structural reversal + On-Balance Volume (OBV) momentum synchronization, a light position long can be attempted;

Otherwise, caution should be taken against failed long traps + continued downward pressure, with the next support zone potentially around $0.221–$0.225.