$DOGE Four-hour 'Head and Shoulders' pattern, short-term trend determines direction!
DOGE's four-hour K-line 'Head and Shoulders' pattern is complete, technical analysts focus on key long and short battles.
From a technical perspective, the volume has not effectively broken through, with both MACD and RSI showing a lack of upward momentum in the short term;
There are no significant positive news, such as whales or ETFs, that have continued to push the market.
After the 'Head and Shoulders' is established, it may either break the neckline with increased volume or fall and probe lower; currently, it is in the balance game at the end of the pattern.
Classic patterns provide strong short-term guidance; closely monitor the neckline for operations, manage risk for long positions, and wait for clear direction if no positions are held.
Long-term outlook on crypto potential is optimistic, but there are large short-term variables; be cautious of dual-direction operations by the main force.
Follow up with volume and news to observe the trend after the breakout—downward or upward? Worth keeping a close watch!
Want to get key breakout alerts and track the main force's movements in real time? Stay tuned to accurately grasp the rhythm of the crypto market.
