DOGE 4-hour chart technical review: bullish traders' momentum weakens, precise buy and sell points sorted out

【币界】I looked at the DOGE trend in the last 4 hours, and it's quite interesting. Overall, the price has risen a bit compared to 20:00 the day before yesterday, but it has fallen back quite a bit compared to 16:00. From a longer time perspective, it rebounded from noon the day before yesterday, but it has gone down again compared to noon yesterday.

The last candlestick is a bearish candle, with the closing price falling below the opening price, a typical signal of decline. Trading volume has clearly shrunk, significantly less than in the previous few hours—what does this mean? It indicates a decrease in market participation, with everyone seeming to be a bit hesitant.

From a technical indicator perspective, the MACD does not show a particularly obvious trend, but the histogram has been in the negative zone and is shrinking, which reveals a signal: the strength of the bulls is recovering. The KDJ has not formed a golden cross or death cross, with values staying around 79, indicating a neutral to strong state. It is worth noting that the MA10 has been consistently above the MA30 (maintaining this pattern from 20:00 to 00:00 the next day), however, the recent candlestick trends have shown a downward momentum.

Specific trading reference: Buy opportunity looks at the two price levels of 0.13 and 0.1200; Long risk is set around 0.1202; Sell targets are aimed at the two positions of 0.1338 and 0.1359; Short protection is set at 0.1344.

The support level is at 0.13, with resistance above at 0.1338. The recent high reached 0.1344, while the low dipped to 0.1202. Overall, the market is in a consolidation phase, with both bulls and bears adjusting their positions, waiting for confirmation of the next direction.