#DOGE 遭空方突袭！“狗派”别慌，这波回调是黄金坑！💥
On August 5, DOGE was attacked by short sellers, dropping to $0.202, a 24-hour decline of 3.33%. Just as it was warming up, it was pushed down again, and market sentiment is somewhat subdued.
The daily candlestick shows a red K, indicating increased selling pressure, with sellers in control; losing the support at $0.210 appears somewhat awkward. The Bollinger Bands are wide, with a strong resistance at the upper band of $0.2759 and support at the lower band of $0.1823; RSI has dropped to 45.31, indicating a strong bearish atmosphere. The 4-hour chart is also under pressure, with prices fluctuating around $0.202, and the contraction of the Bollinger Bands suggests that the short-term market may narrow, with RSI at 46.84 continuing to decline, favoring sellers.
✅ Summary: Short-term bias is bearish, with prices under pressure at $0.205, and support may be found around $0.198. The volatility is contracting, making it unlikely to see significant movement in the short term, with fluctuations being the main focus.
💪💪 “Dog faction” don’t panic, ups and downs are normal, manage your positions well, don’t get swayed by short-term volatility ~
