Today's technical analysis

  1. 4-hour chart analysis

    • Moving average system: MA7 and MA30 are in a bearish arrangement, and MA100 is sloping downwards, indicating that the medium-term trend remains bearish. The short-term rebound has just touched the MA30 resistance (0.32437), and there is still significant resistance above.

    • K-line pattern: The recent rebound has been relatively rapid, but the K-line entity is relatively small, indicating insufficient upward momentum and heavy selling pressure.

    • Support and resistance levels: Short-term support is around 0.31000, and resistance is at 0.33000. If broken, it may further test the 0.35000 area.

  1. 1-hour chart analysis

    • Moving average system: MA7 is turning upwards, and the price briefly stands above MA30, indicating a certain continuation of the short-term rebound, but the MACD indicator shows that the momentum bars are gradually shortening, suggesting that the rebound strength may be limited.

    • K-line pattern: The current price (around 0.32400) is at the top of a small range after yesterday's pullback; if it cannot effectively break through, it will face the risk of a second decline.

    • Trading volume: The trading volume has not seen significant expansion, indicating insufficient market confidence, with more short-term funds driving the momentum.

  2. Market sentiment

    • From the overall trend, yesterday's decline formed a noticeable oversold area; a short-term repair may occur, but the rebound space is limited.

    • The main market pressure is in the 0.33000-0.33500 area; if there is no strong breakthrough, the overall operation should remain bearish.

Today's operation suggestion

1. Short strategy (main strategy)

  • Short position entry range: 0.32500-0.32800

  • First take profit level: 0.31800

  • Second take profit level: 0.31000

  • Stop loss level: 0.33300

  • Reason: Given that yesterday's rebound failed to break through the resistance at 0.33000, the price may return to a downtrend, targeting the strong support area around 0.31000.

2. Long strategy (secondary strategy, proceed with caution)

  • Long position entry range: 0.31200-0.31500

  • First take profit level: 0.32400

  • Second take profit level: 0.33000

  • Stop loss level: 0.30800

  • Reason: If the price pulls back to the 0.31000-0.31500 area and finds support, a small position long can be attempted, but attention must be paid to the strength of the rebound, with profit-taking and exit at any time.

Based on yesterday's market rebound and today's technical indicators, the overall market for DOGE is still dominated by bears, and short-term rebounds may continue to be hindered by the 0.33000 resistance level. Investors are advised to focus on short selling at high levels, strictly controlling risks with stop loss levels.

Understanding market rhythm is the beginning of wealth management! Follow Old Tan closely, make early arrangements, and let the next peak belong to your account! Follow Old Tan, and never let opportunities slip away!
#比特币市场波动观察 #加密市场回调 #市场调整後的机会？ #DOGE #USUAL $DOGE $USUAL $ETH