DOGE four-hour chart observation: Volume shrinkage hides risks, these key points need to be watched closely.

[Coin World] Recently, I looked at the 4-hour chart of DOGE and found something interesting.

In terms of price trends, it has risen significantly compared to 4 PM on November 29, but has fallen back somewhat compared to noon on the 28th. The chart showed a large bullish candlestick, and it closed as a bullish line, with the closing price higher than the opening price, which looks okay. But the problem arises — trading volume is shrinking, and it's obviously less than before in the last few hours, which is a bit awkward. The price is going up, but the volume is not keeping up, which means the upward momentum is weakening.

I looked at a few technical indicators: the MACD currently has no obvious trend, and the histogram has been negative but is slowly getting shorter, indicating that bullish strength is accumulating. The KDJ hasn't shown a golden cross or death cross, but the value is only 10, which is already oversold, in a state of fluctuating downward. Given the current situation of volume-price divergence, we need to be cautious.

If you want to operate, remember a few key points: Two buy reference prices - 0.14 and 0.14862251, set the long stop loss at 0.14798; Selling can look at the two levels of 0.1556 and 0.156763, set the stop loss for short at 0.15589; The support level is at 0.147, and the resistance level is at 0.1556; The recent high point of the range is 0.15589, and the low point is 0.14798.

Overall, the short-term trend is somewhat tangled, and the insufficient trading volume is a potential risk. When trading, it's more prudent to manage your position carefully.