I. Analysis of the daily level
From the daily perspective, DOGE has been continuously oscillating downwards since last year's high, stabilizing and rebounding after touching the lowest point around 0.1298. Recently, the price has been hovering around the 0.18 area. Although the short-term MA(7) and MA(30) are showing a convergence upward, it is still within a downward channel dominated by bears, and the volume has not effectively expanded, indicating weak upward momentum.
II. Analysis of the four-hour level
On the four-hour chart, DOGE has been consolidating in the range of 0.17 to 0.19 for a long time, with the current price around 0.183, having failed to break through the previous high after multiple attempts. Although MA(7) briefly crossed above MA(30), the pullback confirmation is insufficient, indicating a false rebound characteristic. Trading volume has moderately increased, but the upward momentum is weak, showing more obvious bearish signs.
III. Analysis of the one-hour level
In the one-hour chart, DOGE has repeatedly tested above 0.18 but has not been able to stabilize. The moving average system shows a state of repeated entanglement. After a quick rise to 0.185, it swiftly retracted, presenting a typical bearish trap pattern of a high and then a fall. The candlestick shows a long upper shadow, indicating that bears may strike at any time.
Key point prediction and strategy layout
First take profit level: around 0.1802
Second take profit level: around 0.1784
Stop loss level: around 0.1867
Currently, DOGE is showing weak rebounds, likely a trap to attract long positions, with bears still in control as the main theme. Following strategies with precise execution and paying attention to position and risk management is key to stable profitability! For more timely analysis, remember to keep following the latest shares from Mo Ke!
