The technical analysis that Dogecoin holders dread you understanding! DOGE is currently stuck at a key position; if you don't see this operation clearly, don't complain if you incur losses!

Some mistakenly read it as "DOGE 4095 USD," which is a misunderstanding. In fact, on the 1-hour chart, the price is 0.23191 USDT. Today, let's clarify the bullish and bearish strategies with this chart.

Support and resistance lines: Key positions contested by bulls and bears

Key resistance level: A few days ago, the price rose near this level and then dropped, indicating significant selling pressure at this position, making it hard to break through in the short term.

Current key level: The price is currently stuck in the middle, acting as the dividing line between bulls and bears—if it stabilizes, it might surge upwards; if it doesn't hold, it could drop.

Support level: It has previously rebounded several times when it fell here, acting as a short-term bottom line. If it breaks below, emotions can easily collapse.

MACD Indicator: Comparison of bullish and bearish strength

The MACD's DIF and DEA are hovering near the 0 axis, and the histogram shows almost no movement, only 0.00049. This indicates that neither side has the upper hand, resulting in a volatile market with unclear direction.

My view: Currently, DOGE is in the “main force is inactive, retail investors are cutting each other” stage on the 1-hour level. All indicators are playing dead, and random operations can easily lead to being hit from both sides. If you are unclear about specific entry and exit points, you can follow me at @加密玄机 Village, where I often post real-time reminders.

What should retail investors do:

If you are already holding: If the price approaches 0.23666, you can reduce your position to lock in some profit; if it breaks below 0.22170, decisively cut losses, don't hesitate.

If you want to enter the market: Wait for two signals—either break through 0.23666 and stabilize for half an hour, then enter with a light position; or stabilize near 0.22170, try a light long position, with a stop loss set below 0.22000.

If you're uncertain: Just observe. The cryptocurrency market is risky, and don't let a single position exceed 10% of your total capital; only the profits you can hold onto are yours.

Lastly, I emphasize: whether you are bullish or bearish, always set a stop loss. The market has no 100% certainty; you can only prepare for responses.

Making money relies on your own understanding; don't let the market sway your emotions. Follow me at @加密玄机 Village, and I'll guide you daily with practical charts to avoid pitfalls in the crypto world. #加密市场回调 #DOGE