Brothers, let's talk about the DOGE trend on Sunday: directional probability, key levels, and Long Ge's trading strategy
First, let's look at the core technical indicators: support is at $0.21, which has been tested repeatedly recently without breaking; this is strong support. However, once it is lost, it could trigger panic selling, so we need to be vigilant. Resistance is between $0.22 and $0.23, which is the high point of the rebound on August 21. To break through, there must be accompanying trading volume; without volume, it is a "false breakout."
Interestingly, the probability of a short-term rebound and a pullback is both 55%, so risks on both sides need to be guarded against. If there is a rebound and breakthrough, it will depend on BTC setting the pace—BTC needs to stabilize above $58,000, and at the same time, the 4-hour trading volume of DOGE needs to continue to increase (referencing the previous end-of-day volume pattern). If it truly breaks through, it will push from $0.215 to $0.225 (EMA50 moving average), then move towards $0.235 to $0.245; if it can break $0.2455, we can look for $0.26 in the short term.
The trigger point for a pullback is also clear: if BTC falls below $57,000, altcoins are likely to fall broadly, and if there is a large amount of selling on the DOGE chain (for example, transferring out more than 500 million in a single day), a pullback is unavoidable. The path would be $0.21 → $0.20 (Fibonacci 0.236) → $0.19 to $0.18 strong support zone.
Finally, let's look at Long Ge's trading strategy for the afternoon: if DOGE rebounds to around $0.2335-$0.2350, go short directly, initially targeting $0.2280; if it breaks down in the direction, then look for $0.2215. A key reminder: DOGE itself has high volatility, and currently, the long and short probabilities are about even, making the risk extremely high. Trading must include a good stop-loss. #DOGE