$DEGO
Dogecoin, Overall Analysis-
Core Trend Judgment
Bearish Dominant Pattern June 5-6 consecutive Black Three Soldiers Formation (three large bearish candles), price plummeted 58% (2.89→1.23), BOLL three bands diverging downwards, no stabilization signals observed.
Fluctuation Range Confirmation Strong Support Level: 1.228 USDT (recent low), Strong Resistance Level: 1.35 USDT (BOLL middle band + trapped area),
Price is weakly consolidating in this range.
🚦 Long and Short Boundary Operation Strategy
Key PositionOperation DirectionAction LogicStop-Loss Discipline
Touch 1.228 🔵 Light Position Long Entry Previous Low Support + Oversold Rebound Demand ⛔ Break below 1.20 immediate stop-loss (breakout or accelerated decline)
Touch 1.35 🔴 Short/Sell Reduction BOLL Middle Band Pressure + Trapped Selling Pressure ⛔ Break above 1.40 exit short position (trend may turn stronger)
Middle of Range 🟡 Maintain Observation Avoid Fluctuation Loss of Principal No Clear Signal No Action
**⚡ Technical Detail Reinforcement**
Rebound Logic after Black Three Soldiers: The height of the rebound after a sharp decline usually does not exceed 38.2% of the drop (in this case, rebound limit ≈1.58), current resistance level 1.35 is only at 23.6% position, rebound strength is very weak.
BOLL Band Guidance: Price continues to run closely along the lower band, needs to stand above the middle band (1.35) to potentially alleviate the downward trend; otherwise, it remains a bearish market.
Volume Verification Signal: Upwards: When breaking 1.35, it needs to increase volume (at least reach 50% of the volume during the decline), otherwise regarded as a false breakout;
Downwards: If breaking below 1.228 with increased volume, decisive stop-loss is required.
💎 Ultimate Execution Motto
In a weak market, do not guess the bottom, reduce positions as soon as there is a rebound!
Long Position: Only near 1.228 with small position, quick in and out, actively take profit below 1.35;
Short Position: Open positions near 1.35, strict stop-loss at 1.40;
Break below 1.20: Immediate exit, avoid trend decline!
**⚠ Attention**: Current 1-hour volatility exceeds 10%, keep position control within 5%!
