Tonight's DOGE life-and-death battle! If it can't hold 0.143, will it plunge or make a comeback? An expert explains it all to you!
Tonight's DOGE, staring at the market, are you feeling anxious? The 4-hour chart clearly shows a downtrend, but the MACD's white and yellow lines are hovering below the zero line, trying to cross over; isn't this pure 'ambiguous period', where bulls and bears are slapping each other? Qi He will explain it clearly for you, let's see where this dog is jumping to tonight!
Current situation: A crucial 'tug of war'
Looking at the chart, the price is stuck in between several key positions, unable to rise or fall, unpleasant! Above, 0.15700 and higher 0.16630 are like two mountains. Below, 0.14059 is the first line of defense, breaking it means falling into the abyss of 0.13160 and 0.12000.
The core contradiction now is: the trend is downward, but the indicators have 'ideas'. The hourly MACD wants to cross, indicating that some bottom-fishing funds are secretly entering the market, trying to stir things up, but the four characters 'insufficient volume' next to it reveal their lack of confidence, it’s 'loud thunder, little rain'. It's like two groups are tugging at a rope, the bears have the upper hand temporarily, but the bulls are still holding on, secretly exerting strength, just waiting for an opportunity.
Qi He’s viewpoint: Focus on this 'life-and-death line'
Tonight's script, the 'key position' of 0.14059 is the watershed for bulls and bears, it’s tonight’s 'life gate'!
If the market can stabilize above 0.143, or even slowly climb up: it indicates that the bulls are gathering strength, and the MACD's crossover may be effective, and there is hope to challenge the resistance at 0.157. But this requires a significant increase in trading volume to cooperate; any rise without volume is just playing tricks, it's a lure!
If the market breaks below 0.14059 and cannot recover: then sorry, the possibility of a downward continuation is greatly increased. The crossover may fail, and the bears will pursue victory; the next stop is likely near the support level of 0.13160. By then, 0.143 will instead become a resistance for rebounds.
Remember, Qi He doesn’t play tricks. What you want is 'understandable and profitable' content, and I want to help you avoid pitfalls and seize the opportunities. Follow Qi He, + chat room to help you avoid pitfalls, and get timely analysis of subsequent capital movements, seizing every profit window!
