8.17 Evening Analysis by Brother Tian #DOGE: 4 Hourly Market Analysis

4-Hour K-Line Chart Analysis:

Technical Indicators: The 7-period Exponential Moving Average (EMA(7)) is close to the 25-period Exponential Moving Average (EMA(25)), with the price fluctuating near both, indicating a temporary balance of bullish and bearish forces. The 99-period Exponential Moving Average (EMA(99)) is positioned below and provides certain support for the price. Recently, there has been no significant change in trading volume (VOL), and the market trading atmosphere is relatively stable.

Trend Judgment: After significant price fluctuations in the previous period, it is currently in a consolidation phase, and no clear short-term trend has formed yet. However, there are moving averages such as EMA(99) providing support below, indicating limited downside potential.

Future Market Trends: If the price can break through the resistance of EMA(7) and EMA(25), it may further test the resistance near the previous high point; if it fails to break and instead declines, it may once again test the support strength of EMA(99).

Operational Suggestions: Enter a long position at 0.221, stop loss at 0.215, target at 0.233. If it drops below 0.215, consider following the trend for a short position while strictly controlling position size to guard against risks from sudden market fluctuations. If you also want to share in the profits of the cryptocurrency market and learn more methods, you can contact Brother Tian.