#特朗普数字资产政策新方向 Dogecoin 1-hour chart urgent review: Rebound or bull trap?
$DOGE Just experienced a sharp dip, directly breaking through the key support level at 0.13712. Although there was a slight rebound afterward, it's just some small candles consolidating, without any sustained volume-driven upward movement. To put it bluntly, this kind of movement is just a technical correction after an oversold dip, with long-side strength clearly lacking.
Currently, the price is fluctuating around 0.140, having retraced nearly 5% from the previous high. Looking at the Bollinger Bands, the price is repeatedly testing the middle band, with the overall bearish trend still intact.
On the technical indicators: the J value of the KDJ has already reached the overbought zone, which means the strength of this rebound is basically exhausted; although the MACD shows signs of a golden cross, the values are hovering around the zero axis, indicating both bulls and bears are still in a standoff.
My personal judgment is that this rebound is likely nearing its end. If it fails to break through the middle band resistance, a pullback is highly probable.
Trading strategy: Wait for a pullback to the 0.1388-0.1361 range for a potential small position entry, with a target of 0.1419-0.1431. For reference only, trade at your own risk!
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SandwichDetector
· 12h ago
It's another bull trap; this rebound really is just a flash before the fall.
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LucidSleepwalker
· 12-06 06:46
Another bull trap, same old trick. Let's wait for a pullback before making a move.
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ponzi_poet
· 12-06 06:42
It’s the same old analysis again—end of the rebound, pullback setup... I’ve heard it too many times. Is it real this time or not?
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NFTregretter
· 12-06 06:33
Another bull trap? Damn, I've already been caught twice.
#特朗普数字资产政策新方向 Dogecoin 1-hour chart urgent review: Rebound or bull trap?
$DOGE Just experienced a sharp dip, directly breaking through the key support level at 0.13712. Although there was a slight rebound afterward, it's just some small candles consolidating, without any sustained volume-driven upward movement. To put it bluntly, this kind of movement is just a technical correction after an oversold dip, with long-side strength clearly lacking.
Currently, the price is fluctuating around 0.140, having retraced nearly 5% from the previous high. Looking at the Bollinger Bands, the price is repeatedly testing the middle band, with the overall bearish trend still intact.
On the technical indicators: the J value of the KDJ has already reached the overbought zone, which means the strength of this rebound is basically exhausted; although the MACD shows signs of a golden cross, the values are hovering around the zero axis, indicating both bulls and bears are still in a standoff.
My personal judgment is that this rebound is likely nearing its end. If it fails to break through the middle band resistance, a pullback is highly probable.
Trading strategy: Wait for a pullback to the 0.1388-0.1361 range for a potential small position entry, with a target of 0.1419-0.1431. For reference only, trade at your own risk!