DOGE 4-hour chart observation: Oversold signal appears, but what to do if the volume doesn't confirm?

[Crypto World] Recently been watching DOGE’s 4-hour chart, and the trend is quite interesting.

From December 4th to 5th, the price surged first, and the bullish candle at 16:00 engulfed the previous bearish one, showing a brief burst of strength from the bulls. But if you look closely at the volume, it’s clearly shrinking, with both price and trading volume declining together—this market is really quiet, and retail investors aren’t moving.

The MACD histogram has been underwater, but the negative value is narrowing, indicating that bearish momentum is waning. KDJ has dropped to 9, which is solidly in the oversold region. MA10 has been above MA30 since 16:00 on the 5th, but then it broke below support, suggesting a possible bottom test. The divergence between price and volume is very clear.

Looking at the current market structure:

• Watch for support at 0.1403 below; if it falls further, the next is the previous low at 0.13328
• Resistance is at 0.1544 above; if it breaks out, look to 0.15166

As for strategy, personally I lean toward: If it pulls back and stabilizes in the 0.13328-0.1403 range, you could consider a small long position, with a stop loss below 0.13328 If it rebounds to the 0.1544-0.15166 resistance area, reduce position or consider a short, with a stop loss above 0.15166

To be honest, this is a bit of an awkward position right now. It’s certainly oversold, but without volume support, it’s best to wait for a clear signal before making a move.