Review of Yesterday's Trend:

Yesterday, the overall direction of DOGE was primarily a volatile downward trend, with a low of 0.365 and a weak rebound, presenting a gradual decline overall.

Technical Analysis

  1. Short-term Trend (1-hour K-line Chart):

    • After recently breaking below the psychological level of 0.40, DOGE experienced a brief rebound but was blocked at MA30 (around 0.39).

    • The EMA indicator shows short-term moving averages pressing down, with prices running below MA7 and MA30, indicating that bears dominate.

    • The MACD indicator is still below the zero axis, with green bars shortening, indicating that bearish strength is weakening, but no clear reversal signal has appeared yet.

  2. Medium-term Trend (4-hour K-line Chart):

    • On the 4-hour chart, DOGE has continued to decline since reaching a high of 0.48500, currently rebounding to around 0.38 but has not effectively stabilized.

    • MA100 (around 0.387) is applying short-term pressure on prices, and MA30 is further pressuring at around 0.39.

    • The key support level below is at 0.36500; if this breaks, the next target will be 0.33269.

    • The RSI indicator shows it is still near the oversold area, with some rebound space, but the strength is limited.

Today's Operation Suggestions

  • Short Selling Strategy (Main Strategy):

    • Entry Range: 0.38300 - 0.38600

    • First Take Profit Level: 0.37000

    • Second Take Profit Level: 0.36000

    • Stop Loss Level: 0.39000

  • Long Position Strategy (Short-term Rebound):

    • Entry Range: 0.36500 - 0.36800

    • First Take Profit Level: 0.37500

    • Second Take Profit Level: 0.38000

    • Stop Loss Level: 0.36000

Today's DOGE trend remains primarily weak, but the possibility of a short-term rebound cannot be ruled out. The suggested operation is to focus on shorting during rebounds, paying attention to the key support at 0.36500. If it rebounds to MA30 (around 0.38600) and fails to break through, consider light-position shorting, targeting 0.37000 or lower. Traders should pay attention to position control, set strict stop-losses, and avoid excessive chasing of orders that could lead to losses.

Insight into market rhythms is the beginning of wealth management! Follow Old Tan, lay out your strategy in advance, and let the next peak belong to your account! Follow Old Tan, and never let opportunities slip away!

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