[Crypto World] DOGE’s 4-hour movement is quite interesting.
After the price surge at 4 PM on December 5, it did pull back compared to noon on the 4th, but ultimately closed with a bullish engulfing candle. Honestly, trading volume is shrinking, and both price and volume are dropping—a classic sign of a quiet market with everyone on the sidelines.
Technical analysis: The MACD histogram has remained negative but is gradually shortening, indicating the bears are weakening. KDJ just formed a golden cross with a value of only 4, definitely in the oversold zone. The MA10 has crossed above the MA30 (confirmed at 8 PM on December 5 and at midnight on the 6th). Although the overall trend is still down, there’s a divergence between price and volume.
If you’re looking to set up a position on this move, remember these key levels:
Support at 0.1393; for more aggressive players, watch 0.13328 (also the stop-loss line)
Resistance at 0.1548; after breaking through, watch 0.15166
Recent range is between 0.13328 and 0.15166
For entry, consider scaling in around 0.13328, or wait for a conservative double confirmation at 0.1393. Initial target is 0.15166, with aggressive upside at 0.1548. If you’re long, stop-loss if 0.13328 breaks; if shorting, 0.15166 is your key level.
Divergence between price and volume, oversold condition, and a golden cross suggest a technical rebound, but if trading volume doesn’t pick up, beware of bull traps.
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LightningPacketLoss
· 12-06 08:10
A golden cross is a golden cross, but with the volume shrinking this much, I'm still a bit hesitant.
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MidnightGenesis
· 12-06 08:10
On-chain data shows that the KDJ is only at 4, which makes this oversold signal a bit too obvious. As expected, 0.1393 must hold; otherwise, it will go straight to the stop-loss line at 0.13328. It's hard to say whether large funds will deliberately push the price down to trigger stop-losses.
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gaslight_gasfeez
· 12-06 08:10
The volume is so weak and you still dare to say there's a chance? I think it's just pure gambling on a rebound.
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KDJ is only at 4, that kind of oversold condition is usually just a trap, don't get too excited.
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If the 0.13328 level breaks, I'm just going to sleep, no point watching anymore.
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What's with this bullish engulfing? The volume isn't following up at all, this is just a sign of a false breakout.
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MA10 crossing above MA30 doesn't seem to mean much, the overall trend is still downward.
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Really? DOGE is going to rebound again? I bet it'll keep testing down towards 0.128.
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This technical analysis is spot on, but who knows if the big players will actually follow the playbook.
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Watching +1, I'll wait until 0.1393 breaks, going in now is just giving it away.
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Ser_Liquidated
· 12-06 08:03
The oversold golden cross combination can indeed be misleading; if volume does not confirm, it indicates there is still no confidence.
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just_here_for_vibes
· 12-06 07:54
When a golden cross appears, you want to buy the dip—can you avoid getting trapped this time?
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PumpAnalyst
· 12-06 07:42
A golden cross is a golden cross, but with such weak volume, do you really dare to get in? I don’t. I’ll wait until 0.1393 is broken before considering it.
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MA10 crossing above MA30 sounds impressive, but in reality, it’s just the whales testing the waters. Don’t be fooled, bro.
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Golden cross in the oversold zone is an old trick. The next second they’ll start dumping on retail. I choose to stay on the sidelines.
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MACD bars getting shorter? Hah, that’s a prelude to an exhausted rebound. Be careful, everyone.
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Bearish is bearish, but this rebound does have something to it. 0.1393 is my psychological threshold.
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A divergence between volume and price is usually a bad sign. It means the whales are making a final test before dumping. Be cautious, everyone.
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Resistance at 0.1548? I’ll bet five bucks it won’t break, and then it’ll start making new lows.
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KDJ value is only 4—can’t get more beaten down than this, but this is also the most dangerous time.
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Bullish engulfing patterns have fooled me countless times. Is it really for real this time? I’ll just wait and see.
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The way this recent consolidation zone is drawn is pretty interesting, but who can guarantee it’s not just a bull trap set by the whales?
After DOGE is oversold, a golden cross signal appears. These key levels must be closely watched.
[Crypto World] DOGE’s 4-hour movement is quite interesting.
After the price surge at 4 PM on December 5, it did pull back compared to noon on the 4th, but ultimately closed with a bullish engulfing candle. Honestly, trading volume is shrinking, and both price and volume are dropping—a classic sign of a quiet market with everyone on the sidelines.
Technical analysis: The MACD histogram has remained negative but is gradually shortening, indicating the bears are weakening. KDJ just formed a golden cross with a value of only 4, definitely in the oversold zone. The MA10 has crossed above the MA30 (confirmed at 8 PM on December 5 and at midnight on the 6th). Although the overall trend is still down, there’s a divergence between price and volume.
If you’re looking to set up a position on this move, remember these key levels:
For entry, consider scaling in around 0.13328, or wait for a conservative double confirmation at 0.1393. Initial target is 0.15166, with aggressive upside at 0.1548. If you’re long, stop-loss if 0.13328 breaks; if shorting, 0.15166 is your key level.
Divergence between price and volume, oversold condition, and a golden cross suggest a technical rebound, but if trading volume doesn’t pick up, beware of bull traps.