—What’s the current price, where are the support and resistance levels, and how to operate this afternoon without losing money, Dragon Brother will explain everything to everyone clearly. Let’s not wait for a wave of market fluctuations for nothing, and don’t operate blindly to lose money!
First, let’s look at what we care about most: DOGE is currently stuck at 0.213 USD, just touching the upper edge of the 'life-saving support'; this position is crucial and must be fully understood!
First, focus on 2 key levels: if the support holds, there’s hope; if it breaks, you need to withdraw.
Support level: 0.19-0.21 USD, this is our 'safety cushion'.
Let's review the market in the past month: on June 12, DOGE dropped to 0.192 USD and bounced back to 0.205 within half a day; on June 18, it dropped again to 0.198 but formed a 'hammer candle' that day, then rose directly to 0.22 the next day—this range has withstood 3 pullbacks, indicating that there’s buying support not just 'fake support'.
But everyone must remember: if it suddenly drops below 0.21 USD this afternoon and doesn’t recover in 15 minutes, be cautious! There was a time DOGE dropped below 0.21, and within an hour it fell to 0.195. Those who didn’t withdraw in time lost 0.015 USD per DOGE; with 10,000 DOGE, that’s 150 USD lost—let’s not make that mistake.
Resistance level: 0.24-0.29 USD, this is the 'profit-taking hurdle'.
0.24 USD is the recent 'hurdle': it spiked to 0.238 on June 20 and then dropped, and on June 25 it touched 0.239 but still couldn't break through—this position has trapped many retail investors. If it can break 0.24 this afternoon, and the hourly trading volume increases to over 500 million USD (usually only 300 million USD), it is likely to reach 0.26 or 0.29. But if it attempts to break 0.24 without volume, for example, only 200 million USD in one hour, don’t chase it; it’s easy to get caught at a high point.
Second, let’s not beat around the bush on the technical side: RSI is close to oversold, but we need to wait for a 'clear signal'.
Many are asking 'can we buy the dip now?', let's look at 3 simple indicators:
RSI is close to oversold, but don't buy blindly without a reversal.
The current 14-period RSI is 38.59, still some distance from the 'oversold zone (below 30)', and there’s no 'bullish divergence' (for example, price drops but RSI doesn’t)—previously when DOGE’s RSI dropped to 32, it took 2 hours to start rising. Let’s not rush; wait for RSI to return above 45, or for a '15-minute K-line to close positively and RSI to rebound', then it will be more stable to act.
Volume must 'match'; a rise without volume is a 'false rise'.
This afternoon, look at the 4-hour trading volume: if it pulls back to around 0.216 and the volume suddenly increases (for example, 50% more than the previous hour), it indicates there’s buying support; it’s a good time to buy. If it rises to 0.225 and the volume shrinks, for example, from 400 million USD down to 200 million USD, quickly take profits; this is a sign that 'the main force isn't following, and it can't rise'.
'Cup and handle pattern' needs to be closely monitored; breaking 0.24 is essential.
Now DOGE's 4-hour chart has a nascent 'cup and handle' pattern: the 'cup bottom' is at 0.19 USD, the 'cup body' has risen to 0.238, and now it's in 'cup handle consolidation' (0.21-0.22)—but this pattern must 'break 0.24 USD' to be valid. Until it breaks, don’t think it will 'definitely rise'. There was a time when SOL also formed this pattern but dropped without breaking; we need to wait for solid confirmation.
Third, on-chain data has highlights but also hidden risks: whales are buying, and longs and shorts are battling.
Whales are accumulating; retail investors shouldn’t panic sell.
Lookonchain data shows: in the past 3 days, 2 whales holding over 100 million DOGE have withdrawn 25 million DOGE from exchanges (worth about 5.325 million USD) and have not sold—whale withdrawals usually indicate 'long-term holding', suggesting they are optimistic about the 0.21-0.22 range. Retail investors shouldn’t panic more than the whales and cut losses at every turn.
The battle between longs and shorts is intense, and short-term volatility will be high.
Open contracts (which are contracts that have not been settled yet) increased by 20% compared to yesterday, indicating both bulls and bears are betting: the bulls bet on 'breaking 0.24', while the bears bet on 'breaking 0.21'—this afternoon there may be movements like 'rising 0.005 and then falling 0.003'. Don’t be startled by the 'back-and-forth'; stick to our strategy and don’t arbitrarily change stop-loss and take-profit levels.
Fourth, Dragon Brother’s practical advice for the afternoon: just focus on 0.216-0.218, set your stop-loss well and don’t be greedy.
For those wanting to go long: wait for a pullback to buy at 0.2185-0.2163.
For example, if DOGE drops to 0.217, first enter with 20% of your position (if you have 10,000 USD, use 2,000 USD to buy, which can buy about 92,000 DOGE). The first target is 0.2225; if it reaches this, sell 30% to recover your costs. If it breaks 0.2225, then look at 0.2258, and at that point sell another 30%. Set the remaining 40% to 'sell if it drops below 0.22'—don’t be greedy and expect it to jump straight to 0.24; taking profits gradually is more stable.
Always set a stop-loss: sell if it drops below 0.213, don’t hold on.
Regardless of whether you bought at 0.217 or 0.22, set your stop-loss at 0.213—if you bought at 0.217 and it drops below 0.213, that’s a loss of 0.004 per DOGE, totaling 40 USD loss for 10,000 DOGE, which is acceptable; but if you don’t set a stop-loss and it falls to 0.20, you’ll lose 170 USD, which isn’t worth it.
For those without positions: don’t chase the highs! Wait for 2 signals.
Signal 1: Pull back to 0.216 and RSI rises above 42;
Signal 2: Break 0.225 and trading volume increases to 500 million USD—if either of these two signals appears, then buy; if there are no signals, wait. The afternoon market is short, don’t rush blindly.
Fifth, let me be honest with everyone: DOGE is very volatile, and mindset is more important than skills.
Previously, some family members told me 'I panic when DOGE rises 0.01 and fear when it falls 0.01', but that’s unnecessary—let’s establish a strategy: decide where to buy on the pullback, where to sell on the rise, and where to withdraw if it drops, and stick to the rules. It’s better than 'watching the K-line with your heart racing'.
This afternoon, Brother Ma will also monitor the market. If DOGE drops below 0.213 or breaks 0.225, I will shout out in the fan group, so everyone pay attention. Remember: no matter how hot the DOGE market gets, don’t go all in, don’t open high-leverage contracts, protect your capital to enjoy profits in future trends!
Let’s chat in the comments: do you currently hold DOGE? Are you waiting to buy on a pullback or preparing to buy after it breaks 0.24? If you have any questions, we can continue discussing this afternoon!
