DOGE 4-Hour Market Analysis: Bears in Control, Defensive Trading Strategy

I. Market Interpretation

In the 4-hour chart, DOGE shows a bearish trend: the price continues to decline along the moving averages (EMA10/52/24), with the moving averages arranged bearishly, and after breaking the previous support level, the rebound is weak.

Currently around 0.1736, the upper moving averages (EMA24 0.1776, EMA52 0.1816) form strong resistance, while 0.164 is a key support from previous levels. If this support is broken, it will test 0.16 further.

II. Precise Entry Points

Short Strategy (Trend Continuation)

Entry: Price rebounds to the range of 0.175 - 0.177 (EMA24 resistance), faces resistance and closes bearish (such as Evening Star, long upper shadow), volume has not effectively increased.

Stop Loss: Above 0.18 (stop loss on breakout of short-term resistance to avoid trend reversal).

Take Profit: First target 0.168 (take profit 50% at support), if broken look for 0.164 (take profit 30% again), remaining 20% gamble on 0.16 (extreme oversold).

Long Strategy (Oversold Play, Extremely Cautious)

Entry: Price quickly rebounds after breaking 0.164 with increased volume, closes with a long lower shadow, and shows bottom divergence on the hourly chart (MACD golden cross + price makes a low but indicator does not make a new low).

Stop Loss: Below 0.162 (if breaking previous low, the trend is not changed, stop loss and exit).

Take Profit: 0.17 - 0.172 (light position participation, take profit when seeing good results, take profit at resistance levels).

III. Core Logic

Currently, DOGE is in a bearish-led downtrend, with trading primarily focused on shorting with the trend and cautiously taking long positions on oversold conditions (extremely light positions), strictly implement stop losses to avoid counter-trend holding.

"Downtrend does not suggest bottom", small-cap currencies have large volatility, weak trends, and deep positions are hard to resolve. Wait for increased volume and stabilization, moving averages to turn before heavily entering the market—preserve strength to capture the "bounce window" during trend reversals!