$DOGE Evening Operation:
The 4-hour K-line shows a trend of initial decline, followed by recent rebounds and then a consolidation phase. The price rebounded from a low of 0.14258 and fluctuated near the moving averages. After a bullish crossover in the MACD, it has shown signs of leveling off. The forces of bulls and bears are in a short-term stalemate, but from an overall perspective, the rebound lacks sustained upward momentum, indicating a need for a pullback or consolidation.
- Support and Resistance: Support can be focused on the recent low of 0.14258 and the moving average support (the yellow and white lines in the chart). If it breaks below, the previous low around 0.13 (in conjunction with historical trends) may be tested again; resistance can be seen at the rebound high and previous platform pressure. If it can break through, it may rise further, otherwise, it is likely to encounter resistance and fall back.
Trading Strategy:
- Short-term traders: Try short positions with a light position size, and set stop-loss above the resistance level.
- Medium to long-term: Currently, Dogecoin does not show a clear trend reversal signal, and large increases in positions are not recommended. Observe market sentiment, Bitcoin correlation, and macro news. If the price pulls back to key support and stabilizes, consider gradually accumulating. For the long term, pay attention to the Dogecoin ecosystem and the movements of celebrities like Elon Musk.
