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11.4 DOGE Evening Analysis


From the technical patterns and capital flows of the 4-hour cycle, DOGE shows a strong bearish trend.

The price is approaching the lower Bollinger Band at 0.16053, with the Bollinger Band overall opening downwards, indicating that the medium-term downtrend is still continuing.
K value 23.63672, D value 26.45462, J value 18.00091, the three lines are at relatively low levels, there is a possibility of a short-term rebound correction, but a clear golden cross has not yet formed, and the strength of the rebound needs to be observed.
Slight changes, but overall still in a bearish pattern, and no reversal signals for mid-term downward momentum have appeared.

Support levels to watch: 0.15942. If it effectively breaks down, look for around 0.15.
Resistance levels to pay attention to: 0.17 is the recent rebound resistance level, and after breaking through, look at 0.1786.

Operation suggestions
If it breaks below 0.15942, then after a rebound, short at high points. The target looks at the range of 0.15-0.14 $DOGE .
DOGE-1.97%
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