Evening of December 4

The current DOGE candlestick pattern shows consolidation after a surge and pullback. On the 1-hour chart, it’s exhibiting a pattern of rallying and then encountering resistance, followed by a low-volume pullback. Previously, it rapidly climbed from 0.14641 to the intraday high of 0.15337, then continued to retreat, with recent candles mainly being small bearish and bullish lines on reduced volume. It is currently oscillating around the 0.1500 mark, which is a stage of profit-taking and range consolidation after an upward move.

Currently, it is below the middle band of the Bollinger Bands at 0.15069 and close to the lower band at 0.14887, indicating a short-term weak consolidation. The middle band serves as resistance, while the lower band is key support. The KDJ indicator shows all three lines in the oversold zone, suggesting that the short-term downward momentum is nearly exhausted and there is a demand for a rebound. The MACD lines are converging, and the MACD histogram is near the zero axis, indicating that both bullish and bearish momentum are weak in the short term and the price is in a bottoming consolidation phase.

In the short term, the trend is weak and consolidating, but a rebound may occur after oversold conditions. If the 0.14887 support holds, there is a high probability of a short-term rebound to test the 0.15069 resistance. If it breaks below 0.14887, it may further test the previous low near 0.14641. It is recommended to consider light positions near the 0.1515--0.1541 area on a rebound, with targets around 0.1481--0.14512.

The above is just a personal suggestion for reference only. Please refer to Haoyu Shipan’s strategy for specific decisions! $DOGE ‌#doge ‌