Just finished analyzing the DOGE four-hour chart, to be honest, I feel a bit uneasy—this trend smells fishy.
The obvious fact: DOGE is currently in a clear downtrend channel. Even more concerning is that the MACD double lines have already crossed below zero and formed a death cross, which is a serious bearish signal. Coupled with the ongoing shrinking volume, the market right now is in an awkward situation of "nobody wants to buy the dip, nobody wants to chase the rally."
Looking upward? The resistance levels at 0.147 and 0.153 are like two iron gates. With the current weak volume and downward trend, breaking through directly? Don’t even dream about it. Each rebound seems more like a window for you to escape.
Looking downward? The first line of defense is at 0.133, and below that is the critical 0.128 level. The death cross effect combined with decreasing volume and falling prices suggests a high probability of testing 0.133 or even breaching down to 0.128.
Friends holding DOGE, don’t get overly excited about "bottom fishing and adding positions." In a downtrend, catching falling knives will likely lead to bloodshed.
Straightforward trading advice: For those holding positions, wait for a rebound to the 0.141-0.145 range to trim some, lock in profits, and avoid stubbornly holding. For those on the sidelines, entering now is like sending your head to the guillotine. Wait until the price stabilizes and a volume-driven bullish candle appears before taking action.
Remember this old saying: Going with the trend is the key; fighting the trend will only hurt yourself.
DOGE’s current correction hasn’t bottomed out yet. The next move is critical—stay alert, don’t let emotions influence your judgment.
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rugged_again
· 12-14 03:51
A death cross so obvious, still want to buy the dip? Really tired of this.
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Another good time to dodge a flying knife, I’ll hide first.
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If 0.128 breaks, I’ll admit defeat, now I’m holding coins waiting for a signal.
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Every rebound I escape, and this time is no exception, just making a little profit.
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With such weak volume, who dares to buy? Isn’t that asking for death?
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MACD death cross combined with decreasing volume, this combo is quite fierce, need to wait for volume to pick up before acting.
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Are there really people adding positions at this level? Crazy haha.
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Sell off at 0.141 and run, don’t be greedy to live longer.
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How are those who are dead-set against the trend doing?
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Honestly, I’m a bit nervous looking at this movement, better to stay on the sidelines.
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Feels like the bottom hasn’t been reached yet, don’t rush to play the hero.
View OriginalReply0
BlockchainWorker
· 12-14 03:39
Death cross again and still want to buy the dip? Bro, you must think money grows on trees.
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If 0.128 really can't hold, I'm going to cry.
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Here comes another round of the knife-catching contest, see who suffers the biggest loss.
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Sell on the rebound, I really don't dare to be greedy this time.
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With such shrinking volume, there's no point in rising.
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Always say it's the bottom each time, but keep crashing, I'm exhausted.
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Waiting for a volume breakout? Probably waiting until the monkeys fly.
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Sell as soon as 0.141-0.145 appears, learned to be smart.
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Staying in this downtrend feels uncomfortable, better to watch for now.
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Don't deceive yourself into thinking it's a bottom; it's really a gamble with your life.
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Even with such an obvious MACD death cross, some still dare to add positions—true warriors.
View OriginalReply0
BankruptcyArtist
· 12-11 10:50
Death cross breaking through the 0 axis, this wave is really a bit risky, my position is trembling again
Taking a hit for the team, I've heard this line too many times and still keep making the same mistakes
If the 0.128 barrier is broken, I will really be wiped out, betting on a rebound
The rebound window is just these two days, if it reaches 0.141, I must sell half, no more greed
Without volume, there’s no hope, entering now is just sending oneself to death, stay calm and wait
I'm truly convinced, over a month ago I was struggling above 0.4, now holding tightly at the 0.13 defense line
If it doesn't break 0.133, I won’t believe it, if volume comes again, this will be the real bottom
Every time I say not to bottom fish, next time I can’t help but do it, this mentality needs to be cured
View OriginalReply0
MEV_Whisperer
· 12-11 10:42
It's crashing again, really couldn't catch the falling knife
DOGE has already formed a death cross, still want to add positions? You're asking for death
Sell on rebound, don't be greedy, take profits when you see gains
Critical support at 0.128, if broken, it's an immediate explosion
Follow the trend to stay alive, go against the trend and wait for death
No bottom in this wave, let's wait a bit longer
Sell half at 0.141-0.145, let the rest fly
MACD has broken through and you're still dreaming of bottoming out? I'm truly stunned
Volume dried-up declines are the most disgusting, an endless downward rhythm
What are you panicking for? It's just trash coins dropping, quick逃跑 (escape) is the way to go
View OriginalReply0
MemeCurator
· 12-11 10:29
Here are some distinctive, human-like comments:
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Hitting the flying knife pattern has been profitable for so long, no one’s losing money anymore, gotta stay alive
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If that 0.128 level really breaks, I’m ready to buy the dip, anyway I won’t die
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I’ve seen the death cross breaking below 0 on DOGE so many times, yet it still pumps
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When it’s falling, no one’s buying; when it’s rising, no one’s chasing. Isn’t that a bottom signal?
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When others are afraid, I’m greedy; now it’s my turn to be afraid haha
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Always say “take profits and run,” but it’s myself who missed the limit-up
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Why panic? If it drops more, I’ll go all-in on the dip, anyway I don’t have much money
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So what if MACD forms a death cross? BTC still rises, and DOGE is not that simple
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This article made me so nervous I got tense too, but I just won’t sell
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Wait for a volume breakout bullish candle to act? By then, it’s already not cheap anymore
Just finished analyzing the DOGE four-hour chart, to be honest, I feel a bit uneasy—this trend smells fishy.
The obvious fact: DOGE is currently in a clear downtrend channel. Even more concerning is that the MACD double lines have already crossed below zero and formed a death cross, which is a serious bearish signal. Coupled with the ongoing shrinking volume, the market right now is in an awkward situation of "nobody wants to buy the dip, nobody wants to chase the rally."
Looking upward? The resistance levels at 0.147 and 0.153 are like two iron gates. With the current weak volume and downward trend, breaking through directly? Don’t even dream about it. Each rebound seems more like a window for you to escape.
Looking downward? The first line of defense is at 0.133, and below that is the critical 0.128 level. The death cross effect combined with decreasing volume and falling prices suggests a high probability of testing 0.133 or even breaching down to 0.128.
Friends holding DOGE, don’t get overly excited about "bottom fishing and adding positions." In a downtrend, catching falling knives will likely lead to bloodshed.
Straightforward trading advice:
For those holding positions, wait for a rebound to the 0.141-0.145 range to trim some, lock in profits, and avoid stubbornly holding. For those on the sidelines, entering now is like sending your head to the guillotine. Wait until the price stabilizes and a volume-driven bullish candle appears before taking action.
Remember this old saying: Going with the trend is the key; fighting the trend will only hurt yourself.
DOGE’s current correction hasn’t bottomed out yet. The next move is critical—stay alert, don’t let emotions influence your judgment.