12.6

DOGE on the current 1-hour timeframe: The candlestick structure shows a sharp drop with a large bearish candle touching the bottom at the 0.13712 level, followed by a low-level rebound consolidation pattern with alternating small bullish and bearish candles. There is no continuous strong bullish rally, indicating that the bulls are only making a technical rebound after an oversold condition, with weak counterattack strength. Currently, it is operating around the 0.140 level, down 4.92%. The price is near the middle band of the Bollinger Bands, with the upper band turning downward and the lower band flattening out. After the previous sharp decline, it has entered an oversold rebound phase, but the overall bearish trend remains unchanged.

The KDJ indicator shows that the J line is far above the overbought range, indicating that short-term rebound momentum is overextended and there is strong pressure for a corrective pullback. Although the K/D lines are forming a golden cross upward, they are about to turn down following the J line. The MACD histogram is negative but close to the zero axis, with DIF about to cross above DEA to form a golden cross, releasing a short-term weak rebound signal. However, the indicator values are approaching zero, showing an extremely tight tug-of-war between bulls and bears.

In the short term, the 1-hour cycle displays characteristics of an oversold rebound after a sharp drop combined with overbought pullback risk. The KDJ overbought reading suggests the rebound is about to peak. If it fails to effectively break through the resistance at the middle Bollinger Band, it is highly likely to fall back and retest the previous low as support. In the short term, it is recommended to consider light positions to go long around the 0.1388--0.1361 area, with a target around the 0.1419--0.1431 area.

The above is just my personal suggestion for reference only. Please refer to Haoyu Shipan's strategy for specifics!! #doge $DOGE