Morning of 12.4

The current DOGE candlestick pattern belongs to a “pullback after a surge” form following a volatile upward movement. On the current 1-hour chart, it shows a “breakout above previous highs + slight pullback” structure. Previously, it gradually trended upward from 0.14513, reached an intraday high of 0.1534, then slightly pulled back to 0.1529, which is considered a “short-term profit-taking after a volume-driven rally.” Overall, it is a strong consolidation pattern within an uptrend, with bullish candles dominating and only minor retracements, indicating bullish sentiment remains strong.

After previously breaking above the upper Bollinger Band at 0.15279, it pulled back slightly and is now operating within the middle-to-upper band range. The middle band at 0.15054 is a key short-term support level; if it holds, the trend is likely to continue. The KDJ indicator’s three lines are approaching the overbought area, suggesting that the short-term upward pace may slow down and a minor pullback may be needed. The MACD indicator’s DIF is slightly below DEA, and the MACD bars are close to the zero axis, indicating a “temporary balance of power with little divergence between bulls and bears.” Further observation is needed to see if a bullish crossover can form again.

In the short term, if the middle Bollinger Band at 0.1505 holds, the price may consolidate in the 0.151-0.154 range before testing resistance above 0.155 again. If the KDJ approaches overbought, there may be a minor pullback toward the 0.150 middle band support area; if it breaks below, look further to the lower band at 0.148. It is recommended to consider light positions in the 0.1501–0.1481 area on pullbacks, with targets in the 0.153–0.156 area.

The above is for personal reference only. Please refer to Haoyu Shipan’s layout for specifics. $DOGE #doge