Brothers, take note, the DOGE one-hour chart has already formed a "standard descending channel"! The MACD yellow and white lines have crossed below the zero axis, and the volume has shrunk as if all the blood has been drained—this is not a washout; this is a clear signal of the main force retreating! I am Eagle Brother, and I'll get straight to the conclusion: when darkness falls, please close your eyes, be cautious with long positions, and I will guide you through key levels and escape routes.
News flash:
Despite the lack of direct calls from Musk recently, the entire Meme sector is clearly under pressure from market sentiment. As an established Meme coin, DOGE often shows stronger "resilience" during downturns, but once it breaks key levels, it can trigger a sell-off among retail investors. Currently, market liquidity is tight, and funds are more inclined to wait or flow into safe-haven assets. The logic for DOGE to rise independently is not currently present, and its movement is largely driven by the overall market and technical factors.
Technical analysis in depth:
Trends and structures: The one-hour candlestick shows a step-like decline, with the rebound highs continuously lowering (0.13740 → 0.13287), and a complete bearish arrangement. The current price has dropped below the bulls and bears dividing line of 0.12845, indicating a weakening structure.
Key position analysis:
Upper pressure: 0.13287 (strong intra-day pressure), 0.13740 (pullback pressure level), invalid rebounds until a breakout with volume.
Support below: 0.12845 (broken, turned into resistance), 0.12367 (intra-day support), 0.11954 (target for this round of decline).
Indicator resonance is bearish:
MACD: The yellow and white lines have formed a dead cross below the zero axis and are continuing to diverge downwards, with green bars amplifying, enhancing bearish momentum.
Volume relationship: during the decline, volume shrinks, and rebounds lack volume, which is a typical 'stealth decline mode', with low market participation willingness.
Order distribution: Sell orders are significantly greater than buy orders, especially with dense sell orders above 0.1300, creating heavy pressure.
Eagle Brother's personal opinion:
I believe DOGE is likely to continue testing the support at 0.12367 tonight, and may even touch 0.11954. The technical dead cross + volume shrinkage + structural breakdown create a triple signal resonance, with weak rebounds. Even if there is a small-level pullback, 0.13287 will form strong pressure, making it difficult to touch 0.13740. Retail investors must prioritize defense over offense and avoid recklessly catching falling knives.
Action suggestions for retail investors:
For long position holders: If the price rebounds to the range of 0.1300-0.13287, it is recommended to reduce positions or exit, and decisively stop loss if it breaks below 0.12845.
Observation for short position holders: Prioritize shorting on rallies, lightly shorting around 0.131-0.13287, with a stop loss at 0.1335.
Bottom-fishing idea: absolutely do not chase shorts! If it drops to around 0.11954, you can lightly long for a rebound, strictly stop loss below 0.118.
Mindset reminder: In a downtrend, do not guess the bottom, do not hold onto positions, preserving capital is victory.
Operational ideas (range reference):
Short position ambush: Enter at 0.1315-0.13287, stop loss at 0.134, target 0.126-0.124.
Long position observation: Lightly long near 0.12367, stop loss at 0.1225; conservative investors should wait until around 0.11954 to consider.
(Specific precise points and position management strategies, follow Eagle Brother for real-time signal alerts!)
Xinying concludes the topic:
DOGE has entered a technical bearish rhythm, with the key level 0.12845 becoming the dividing line between bulls and bears. Remember: in a downtrend, every rebound is an opportunity to re-enter short positions. Focus on Xinying, let's respond to volatility with calm strategies and await the next round of upward points!#加密市场观察
True experts in the cryptocurrency world are not deities, but analysts of signals. Xinying will help you become such a person, avoiding the superficial. Follow Xinying, Xinying Town is where I share practical skills daily; from novice to expert, you just need the right guidance. I'm here, waiting to fight alongside you.
