Family, Brother Hao is here to talk to you about the recent market for Dogecoin (DOGE)!

First, let's take a look at the correction pattern. DOGE has retraced 73% from its high of $0.2875, forming an ABC correction wave, and within wave C, a five-wave structure has emerged, indicating that the correction may be nearing its end and a rebound could be imminent. Historically, after similar deep corrections, DOGE usually experiences a strong rebound if it forms a third bottom, and there is currently an expectation for such a third bottom.

Now let's discuss the indicator divergence. Some bullish signals have appeared, with the MACD line breaking above the signal line and the AO oscillator also showing bullish divergence, indicating that short-term buying momentum is continuously accumulating, which is a positive signal. However, there are also risk warnings; previously, the RSI reached the overbought zone at 75, so everyone should be cautious of profit-taking leading to a correction, and be careful not to lose profits inadvertently.

Currently, DOGE is in the crucial trading range of $0.1820 - $0.2075. If it can hold above $0.1820 and break through $0.2075, there is a strong possibility of starting a rebound, initially testing the resistance at $0.25 - $0.26, with a mid-term target of $0.30. However, if it falls below $0.1820, we need to guard against a drop towards the deeper zone of $0.15. But there is no need to panic; the large whales buying the dip and the on-chain activity can provide some support.

Finally, let's talk about Brother Hao's operation guide for today: You can go long in the range of $0.20400 - $0.20600, initially aiming for $0.21010, and then looking further at $0.21600. It is even possible to rise to $0.22130 in the next few days. But the market changes quickly, so everyone must be cautious when trading, set good stop losses, and manage risks well! #DOGE