Brothers, I am Mig.
I just closely looked at the four-hour chart of DOGE and found several key positions that have already shown their cards - right now, this market is like a car going downhill while stepping hard on the brakes; the direction is down, but the brake lights are already on.
First, let's talk about resistance: the short-term high pressure is at 0.1663, and 0.157 is the second level. With the current volume and trend, can we just rush up? Difficult. Although the MACD has a golden cross below the zero axis, remember - if it hasn't stood above the zero axis, it's all just a rebound, not a reversal.
So where will it drop to?
The first support at 0.13165 is very close; if it can't hold, the real bottom is at 0.12. My view is very clear: I don't guess the bottom, I just follow the trend. Right now, there's no news, it's purely based on technicals, so we have to look at the volume - the volume is insufficient now, so the rebound is also false.
What should retail investors do now? Mig gives you two practical suggestions:
If your position is heavy: Gradually reduce in the 0.143–0.157 area during the rebound, don't be greedy.
If you are in a flat/light position: Don't rush to bottom-fish; wait for it to stabilize at 0.1316 without breaking below, or consider only when MACD stabilizes above the 0 axis.
Remember this phrase: The market always starts in despair, rises in hesitation, and ends in madness. Right now, it can only be considered 'hesitation', but it hasn't reached the bottom 'despair' yet.
If you often get left behind by the market or bottom-fish at half-mountain, follow Mig, as I share simple market analysis methods and key position reminders every day.
Mig's strength is not bragging or making empty promises; it only teaches you practical survival skills. Follow Mig, fans who want to keep up should find Mig Village, where Mig shares entry points and exit timing every day!
