Evening of 12.7

From the 1-hour K-line period and technical indicators, DOGE is showing a weak consolidation pattern after a sharp drop in the short term; the upper band of the Bollinger Bands is turning downward, and the price has broken directly through the middle and lower bands from the upper band, with the bands opening up, indicating that the short-term downward breakout trend has been established. Recently, after surging to 0.1408, DOGE experienced a sharp decline with heavy volume, forming consecutive large bearish candles, directly breaking through the middle and lower Bollinger Bands, with a low of 0.13834. This was followed by a slight rebound to 0.1388, forming a "sharp surge and crash + small bullish candle at the low," a bearish-dominated pattern with strong downward momentum.

The J line of the KDJ indicator is almost at the 0 axis, while the K and D lines are moving down synchronously and remain in the weak zone below 50, forming a deep death cross, reflecting short-term oversold conditions but no reversal of the bearish trend, with no effective rebound signals for now; the MACD histogram has turned green and started to extend, indicating that bullish momentum has completely exhausted and the bears are now in control.

In the short term (1-4 hours), DOGE is likely to continue weak, low-level oscillation: if it breaks below the previous low of 0.13834, further downside will be opened; if it can hold above the lower Bollinger Band support at 0.13874, a slight rebound may occur, but the rebound height will be suppressed by the middle band at 0.13968, and it will be difficult to change the downward trend in the short term. It is recommended to consider light positions near the 0.1408--0.142 area on a rebound, targeting the 0.1371--0.1352 area.

The above is just a personal suggestion for reference only. Please refer to Haoyu Shipan’s strategy for specific details! $DOGE #doge ‌