The DOGE four-hour chart is in a shrinking oscillation, what should be done after KDJ is Oversold?

Question

[Coin World] DOGE has been a bit tangled recently. Looking at the 4-hour chart, it has declined compared to the surge at 12 PM on November 29, but has slightly pumped compared to 4 PM. Overall, it still closed as a bullish candle, but the trading volume has shrunk significantly—both price and volume are contracting, which is a typical wait-and-see market data.

From a technical perspective, although the MACD histogram is still below the zero axis, the negative values are gradually narrowing, indicating that the bearish forces are weakening. The KDJ has dropped to around 16 and has entered the oversold area, indicating a short-term need for a rebound. However, there is currently no clear golden cross signal, and the pattern remains weak with fluctuations.

In terms of operations, two positions can be focused on: aggressive traders can test long positions around 0.14, while conservative traders should wait for 0.1487 to enter; set the stop loss below 0.14798. The first target above is 0.1563, and after breaking through, it will rush to 0.15664. Support is at 0.147, resistance is at 0.1563, and there is a high possibility of fluctuating back and forth within this range. Recently, the highest hit 0.15589, and the lowest touched 0.14798, which offers a decent range of volatility.

DataOnlooker · Accepted Answer

The volume is shrinking like this, I feel uncertain... Let&#39;s wait for the golden cross pattern signal to discuss.

SolidityStruggler · Answer

The volume contraction and fluctuation is just waiting for the wind to come. The KDJ is oversold, but the golden cross pattern has not yet appeared. This moment is indeed awkward.

GasFeeCryer · Answer

I&#39;m tired of this volume contraction and fluctuation trap, and have to grind in this broken range of 0.14-0.1563, it&#39;s so annoying.

0xTherapist · Answer

The volume contraction and volatility are so annoying, still waiting for the golden cross pattern.

UncleWhale · Answer

The probability of a volume contraction oscillation trap with a feint is high. Let&#39;s wait for the golden cross pattern to discuss further.

MissingSats · Answer

The contraction and fluctuation have returned, and this kind of grinding market is the most annoying.

SmartContractRebel · Answer

A market with reduced volume and fluctuations is the hardest to endure; it&#39;s even more torturous than a direct dumping.