[Crypto World] Been watching DOGE’s 4-hour chart, and the price action is a bit subtle.
After the drop around 4am on December 3rd, although there was a rebound later than 8pm on December 1st, overall it’s still lower than noon on December 2nd. The last candlestick closed bearish, and the trading volume is shrinking—this upward move is clearly lacking momentum.
The MACD histogram is still in positive territory, but the bars are getting shorter, showing that bullish strength is fading. KDJ is even more direct, shooting up to 90, which is firmly in the overbought zone, so a short-term pullback is something to watch out for.
Key levels to note:
Support is in the 0.1301-0.13328 range—if that breaks, it’s trouble; resistance is at 0.151-0.1552, and if it holds above that, there’s room for further gains. Recently, the highest reached was 0.151, and the lowest touched was 0.13328.
Personally, I don’t think it’s a good time to chase longs right now—better to wait for a pullback to the support level. If you really want to go long, make sure to set your stop-loss below 0.13328; for aggressive traders, watch to see if the 0.151-0.1552 resistance area can be broken through.
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监守自盗陈先达
· 12-03 17:12
#DOGE# Brothers. Just short the big dog. The big dog is "pregnant." It can't rise. Just short it, short every pump. This is the opportunity.
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SolidityStruggler
· 12-03 14:06
KDJ soaring to 90 again, this trick is getting old... Wouldn't it be better to wait for a breakout before getting in?
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ApeWithNoFear
· 12-03 14:05
The divergence between volume and price this time does seem a bit shaky. I also noticed the KDJ soaring to 90, so the short-term risk is indeed high. However, it would only be real trouble if the key support at 0.13 is broken.
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0xSleepDeprived
· 12-03 14:03
It would be strange if 0.13 doesn't break; it's obvious this round is a no-go. Is that all the bulls are capable of?
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BlockchainFries
· 12-03 14:01
Can we really hold the 0.13 level? It feels like it needs to break down once more.
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MetaverseLandlord
· 12-03 13:50
Price-volume divergence + KDJ soaring to 90, this pattern does seem a bit risky, feels like a drop is coming.
Short-term DOGE observation: volume-price divergence + overbought signal, key support at 0.13 to see if it can hold
[Crypto World] Been watching DOGE’s 4-hour chart, and the price action is a bit subtle.
After the drop around 4am on December 3rd, although there was a rebound later than 8pm on December 1st, overall it’s still lower than noon on December 2nd. The last candlestick closed bearish, and the trading volume is shrinking—this upward move is clearly lacking momentum.
The MACD histogram is still in positive territory, but the bars are getting shorter, showing that bullish strength is fading. KDJ is even more direct, shooting up to 90, which is firmly in the overbought zone, so a short-term pullback is something to watch out for.
Key levels to note: Support is in the 0.1301-0.13328 range—if that breaks, it’s trouble; resistance is at 0.151-0.1552, and if it holds above that, there’s room for further gains. Recently, the highest reached was 0.151, and the lowest touched was 0.13328.
Personally, I don’t think it’s a good time to chase longs right now—better to wait for a pullback to the support level. If you really want to go long, make sure to set your stop-loss below 0.13328; for aggressive traders, watch to see if the 0.151-0.1552 resistance area can be broken through.