$DOGE reveals 'false death' signal! 4-hour amplitude 0.61% hides the risk of a sharp decline!
Today's 4-hour market data for DOGE is indeed poor, opening at 0.16351, closing at 0.16296, with a drop of 0.33% and an amplitude of only 0.61%, showing very little volatility and no trading value;
The MACD indicator's double lines remain underwater, with DIF at -0.0006 and DEA at -0.00247 both weakly below the zero axis, the histogram has turned positive but the value of 0.00374 is extremely weak, and the repair signal can be ignored;
The KDJ indicator shows K value at 78.82, D value at 76.46, and J value at 83.54, all in the high overbought zone but the trading volume of 43 million is severely insufficient, making the volume-price divergence meaningless;
The overall market still shows a downward trend with no reversal signs, I am extremely disappointed and believe that without significant positive news, it is highly likely to continue the downward trend,
I suggest absolutely avoiding bottom-fishing operations in the short term, and patiently wait for the price to actually break below 0.162 before slightly testing; otherwise, one must insist on staying out and observing, I have no interest in this sluggish market and have exited early.
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