DOGE Technical Analysis: 4-hour level Oversold signal appears, key levels all sorted out.

[Coin World] I looked at the recent 4-hour trend of DOGE, and to be honest, it's a bit interesting.

Looking back from midnight on December 1st, the price actually surged at one point, but compared to 4 PM on November 30th, it has fallen back. In the end, it closed with a large bearish candlestick, a typical sign of a high-level pullback. The trading volume also shrank accordingly—prices fell and trading volume fell as well, which generally indicates that the market is in a wait-and-see mode, with not many willing to take over.

The technical aspect is more straightforward. The MACD histogram has been getting longer in the negative zone, with bears holding it down tightly; the KDJ is hovering around 25, showing neither a golden cross nor a death cross, remaining neutrally tepid; the RSI has directly dropped below 30, which according to textbook definitions is a sign of being oversold, theoretically indicating a possibility of a rebound—though it could also continue to probe lower, depending on subsequent volume support.

If you must find a trading reference: for going long, you can gradually enter at the two levels of 0.13706 and 0.1386, with a stop loss set at 0.13706; the target is 0.15589 to 0.1569, which is the resistance zone formed by previous highs. For going short, operate in reverse, with a stop loss above 0.15589.

Support at 0.1386, resistance at 0.1569, high at 0.15589, low at 0.13706 - remember these numbers for now, as the future price movement will revolve around them. Currently, there is an awkward situation where bears dominate but are oversold; it will either consolidate with low volume or suddenly rebound, let's see who can’t hold out first.