DOGE 4-hour chart: Analysis of trading opportunities after a bearish engulfing.

[Coin World] The recent 4-hour trend is indeed a bit fierce. From 2025-12-20 12:00 to now, the price has plummeted significantly, breaking through the previous low support. Compared to the same period the previous day, it has indeed retreated. The last few Candlesticks are all Bearish lines, closing below the Opening Price, and the pattern of short positions engulfing is very obvious.

The trading volume here is also shrinking. The transaction volume in the past few hours has significantly declined compared to before. Although the price is still trying to rise, this divergence between volume and price actually indicates that the upward momentum is weakening.

From a technical indicator perspective: the MACD shows no obvious direction, and the histogram is still positive but gradually shrinking, which suggests that the bullish strength is indeed weakening. The KDJ is currently in the overbought zone (above 90), with no golden cross or death cross signals. The short-term moving average (MA10) is still above the long-term moving average (MA30), which can be seen at both 16:00 and 20:00 on 2025-12-20, but the overall trend is downward.

From a trading reference perspective, the key positions at the 4-hour level are approximately as follows:

• Support Zone: 0.1212-0.12026 this range is the recent bottom
• Resistance zone: 0.1356 is the upper pressure level.
• Highest Point: 0.13288
• Lowest Point: 0.12026

If considering a long opportunity, you can think about entering around the prices of 0.12026 and 0.1212, with a stop loss set at 0.12026; for short positions, you can consider entering at 0.13288 and 0.1356, with a stop loss set at 0.13288. Recently, both long and short positions have opportunities, the key is whether the trading volume can keep up with the direction of the price.