8.20 Brother Tian #DOGE 4-Hour Trend Analysis: Key Level Game, Market Direction Awaiting Breakthrough

Deeply involved in the cryptocurrency space for ten years, analyzing the DOGE 4-hour chart to identify critical bullish and bearish battle points!

In the chart, DOGE (Binance) follows a **downward trend line + key support zone** structure: the blue trend line continues to exert pressure, and the price has rebounded multiple times but faced resistance and retreated; the lower purple rectangle is a historical high trading volume area (strong support), and the current price is close to this support, entering a critical period for the bullish and bearish showdown.

Subsequent Market Forecast

- **Upward Breakthrough**: If the price stabilizes and breaks above the trend line (blue upper edge) with increased volume, and breaks through the EMA50/100 moving average resistance, the bullish counterattack begins, targeting the previous rebound high (volume after the breakout is key; low volume breakthrough is prone to false breakouts).

- **Downward Breakdown**: If the price breaks below the purple support zone (closing price consistently below + increased trading volume), bears will dominate the decline, opening up lower space, and caution should be taken against accelerated retreat risks.

Operational Suggestions

- **Hold Long Positions**: Lightly holding in the support zone is acceptable, with a stop-loss set below the support zone (decisively exit if broken); if the trend line is broken, increase positions and adjust stop-loss upwards to protect profits.

- **Hold Short Positions**: Before the trend line is broken, maintain a base position; if the support zone breaks, increase positions to expand short profits, with stop-loss set above the support zone.

- **Observers**: Wait for signals! Break the trend line + increased volume, chase longs; break the support zone + increased volume, chase shorts. In a volatile market, do not enter blindly; holding back is essential to avoid pitfalls.

(Risk Warning: The cryptocurrency market is highly volatile, technical analysis is probabilistic; decision-making should be cautious, and profits and losses are at one's own risk.)

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