Family, Brother Yang is here to analyze the market trends of DOGE for everyone. From the current market data and technical indicators, it is highly likely that DOGE will experience fluctuations in the afternoon, with both bulls and bears fiercely contesting at key price levels.
First, let's look at the short-term trend. The 4-hour chart shows that although there was a rise previously, a divergence between price and volume has appeared. The price is rising, but the trading volume is shrinking, which is not a good signal. This indicates insufficient short-term upward momentum, and unless new buying funds come in, it will be difficult to see significant increases.
Now, let's talk about the technical signals. The MACD indicator reflects that the bearish forces have weakened, but the overall trend is not clear, like being in a fog and unable to see the direction. The KDJ indicator is oscillating in the middle zone, sending out neutral signals, which also cannot clearly indicate the direction; everything remains unclear.
Currently, market trading is still active, but everyone must be cautious of the "false breakout" trap. If the price suddenly breaks through the resistance level or falls below the support level, and soon after quickly adjusts, this situation can easily lead to misjudgments. If the price continues to fail to break through the resistance level of 0.220 and then turns to breach the support level of 0.208, the short-term risk will increase significantly, likely leading to a deeper correction.
In terms of operations, Brother Yang recommends shorting near 0.21500 - 0.21620, with the first target looking towards 0.21020. If the market is favorable, we can also consider near 0.20600. However, actual operations should be based on real-time data and be flexible to respond, as the market changes rapidly! #DOGE