Brothers, I am Mig.
I was staring at the DOGE four-hour chart for a long time, and my heart skipped a beat—this trend doesn’t feel right.
First, look at this chart. The overall trend of DOGE is downward, clearly evident.
The most critical point is that the MACD white and yellow lines have already fallen below the zero axis, confirming a death cross, which is a solid bearish signal. Coupled with clearly insufficient volume, there’s no momentum in the market, prices are falling without buyers, and no one wants to buy.
So how will it move next?
I see heavy resistance above, with strong resistance levels at 0.147 and 0.153. Given the current volume and trend, is it realistic to expect a surge? Difficult. It feels more like each rebound is a chance to escape.
What about below? The first support is around 0.133, and below that is the bottom support at 0.128. If the death cross exerts force and volume continues to shrink, there is a good chance it will drop to 0.133 or even test 0.128.
If you're still holding DOGE, don't rush to 'buy the dip and add positions'. In a downtrend, catching falling knives can easily cut your hands.
Mig suggests:
For those with positions, consider reducing a portion when it rebounds to around 0.141-0.145, don't be greedy.
For those without positions, don't rush to enter, wait until it stabilizes and shows a strong bullish candle before speaking.
Remember this: the trend is your only friend, don't go against the trend.
I know many people are unsure now, not knowing whether to cut losses or wait. Mig will track these signals daily, if you don't want to guess alone, follow Mig, I will continuously update real-time views and operation reminders in the village.
The DOGE wave isn't over, the next step is crucial. Will it break support and continue down, or will it fake drop and then rebound? I will keep a close eye on the market and report any changes immediately.
If you don't know the specific entry timing and exit points, fans holding positions can follow Mig, who will announce daily coins and entry points as well as exit timings in the chat room!!
