【$DOGE Signal】1H Oversold Rebound + Negative Fee Rate Short Squeeze Play

$DOGE The 1H timeframe is consolidating with decreasing volume around 0.0970, RSI has fallen to 35.78 entering oversold territory, while the 4H timeframe remains in a downtrend channel, indicating short-term weakening of the bearish momentum. Key signals: Funding rate at -0.0132% and open interest stable, price declining but not triggering a collapse in open positions, suggesting potential for a short squeeze rebound.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0971 - 0.0973 (Reason: 1H consolidation support at the lower boundary, combined with accumulated buy orders )

🛑Stop Loss: 0.0965 (Reason: Break below recent 1H low of 0.09667 and ATR lower band )

🚀Target 1: 0.0988 (Reason: 1H EMA20 resistance and previous minor platform high )

🚀Target 2: 0.0998 (Reason: Previous high on 4H timeframe and upper boundary of the downtrend channel )

🛡Trade Management:

- Position Size: Light (Reason: 4H trend remains bearish, this is a countertrend rebound play )

- Execution Strategy: After reaching Target 1, move stop-loss to break-even at entry price. For remaining positions, target Target 2; if the 1H closing price falls below EMA20_1h (0.0980), consider exiting early.

Deep Logic: Market depth shows unusually thick buy orders in the 0.0970-0.0972 range, while sell pressure is relatively dispersed. Stable open interest indicates the decline is not due to large-scale liquidation by major players, but rather passive long unwinding. In a negative fee rate environment, if the price stabilizes, it can easily trigger a quick rebound from short covering. The 1H RSI bullish divergence is emerging, awaiting volume confirmation.

View real-time quotes 👇 $DOGE

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