Immediate support at 0.2045 recent low, coinciding with the Bollinger Band lower band ($0.216), if broken, may accelerate the decline.

Immediate resistance at 0.2198 today's intraday high, also near the Bollinger Band middle band ($0.22)

Historical key level 0.2320-0.2350 Fibonacci retracement level and previous dense trading area, which was an important support that has now turned into strong resistance.

Short strategy

  • Entry level: 0.2190-0.2220 (consider when rebounding to the Bollinger Band middle band or the aforementioned immediate resistance area stagnates)

  • Stop-loss level: 0.2277 (if a strong resistance level is effectively broken, the trend may change in the short term)

  • Take-profit level:

    • First target: 0.2045 (recent low and Bollinger Band lower band)

    • Second target: 0.1873 (strong support area)

  • Position Ratio: Suggestion≤3% Total position, and ensure that the margin maintenance rate >300%

    Under the current context of weakening technical structure and bearish market sentiment,it is suggested that bulls temporarily remain on the sidelines, patiently waiting for clearer reversal signals or bottom structure formation before seeking opportunities to intervene

    4 hours: Moving averages are entangled and bearish, the Bollinger Bands are narrowing and flattening, the price is running between the middle and lower bands, and the MACD histogram shows negative values, indicating weak short-term momentum. RSI is at 47.23, with no oversold conditions, leaving room for downside.

    Daily: The price is still fluctuating within the range of$0.205 - $0.245, with the network computing power reaching new highs benefiting the long-term fundamentals, but in the short term, it is necessary to pay attention to whether it can hold the$0.20key support.

    Short-term trend:bearish consolidation.DOGE currently lacks independent upward momentum, following the market adjustment and showing weak technicals. The operation mainly focuses onselling on rebounds, strictly setting stop losses, and closely monitoring the overall market sentiment and defense of key support levels.


    Taking a short strategy as an example, based on the above entry and stop-loss, take-profit levels, the potential risk-reward ratio is approximately1:2.5 (based on entering at $0.222, stop-loss at $0.2277, take-profit at $0.1873).
    #九月加密市场能否突破？ #现货黄金创历史新高
    $DOGE