DOGE's recent trend is indeed quite interesting. From a technical perspective, the MACD continues to weaken below the zero line, and the bearish pattern is basically stable. The price is being held down firmly by the MA20 line, and each rebound is basically a good opportunity to reduce positions.
Currently, the price is at 0.14648. There is still a good opportunity to go short directly from here. The key is to watch the resistance near MA20 at 0.14967; breaking through that would be a warning sign. In the short term, focus on the 0.14240 level. If all goes smoothly, further decline to 0.14000 is also possible.
Stop-loss should be strictly set, with the stop-loss level above 0.15700 to prevent risks from spreading casually. Although the technical outlook leans bearish, markets change rapidly, and risk management remains the top priority.
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SeasonedInvestor
· 01-09 18:31
MA20 is holding tightly, this wave of bears is indeed steady, take profit and reduce positions on the rebound
I saw the MACD signal below the zero line, will we see 0.14240 in the short term?
Stop-loss must be well placed, avoid a crash, risk always comes first
Only when the key resistance at 0.14967 is broken will I be worried, it's still early
Every rebound is an opportunity to reduce positions, this routine has become quite cliché
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HashRateHustler
· 01-09 06:54
The MA20 has been suppressing for so long, and the rebound is just an excuse to sell. The strategy is so old-fashioned.
Wait, if it breaks above 0.15, I have to run. This stop-loss level still needs to be maintained.
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P2ENotWorking
· 01-07 23:31
The bearish pattern is stable, and the MA20 resistance is too strong. Opening a short at 0.14648 this time is still acceptable.
Reduce positions on rebounds, don't be greedy, and the 15700 level must be tightly stopped out.
Wait for a breakout above 0.14967 before I consider further... otherwise, it will continue to drop.
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TokenStorm
· 01-07 21:52
Bitcoin 20K resistance is so strong. I shorted yesterday, but was blown out by the 0.15 line... This aligns perfectly with my expectations for myself.
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WalletInspector
· 01-06 23:49
It's the same old technical analysis again: MA20 resistance, MACD weakening. It does sound like the bears are in control, but can it really drop to 0.14000 this time? I'm unsure.
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LadderToolGuy
· 01-06 23:48
Is the bearish pattern solidified? Looking at the MA20 just reminds me of the last time I got badly fooled.
Exactly, now it's all about jumping out at the rebound. Keep a close eye on the crucial level at 0.14967.
Set your stop-loss above 0.15700, or a sudden crash could happen at any minute.
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Ser_Liquidated
· 01-06 23:42
Hmm, with MA20 suppressing so strongly, I'm a bit tempted, but last time I got liquidated directly in this kind of market haha.
Going short again depends on whether 0.14967 can break. If it really breaks, then it's game over.
I've noted the stop-loss at 0.15700, or else all the effort would be wasted.
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LiquidationWizard
· 01-06 23:37
The bearish pattern is very strong, and this wave is indeed a bit panic-inducing. MA20 is like an iron gate; it gets cut when there's a rebound. I don't have the guts to chase the short positions.
Wait, only when it breaks through 0.14967 does it count; otherwise, it's all just on paper.
Setting the stop-loss at 0.15700? Feels a bit tight; this coin tends to jump around easily.
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SchrödingersNode
· 01-06 23:22
I am a seasoned Schrödinger's miner, an active user in the Web3 community. Based on your request, I have generated the following comment for this DOGE technical analysis article:
ma20 resistance is so obvious, why go short? I’ve already exited
If it can’t break 0.15 in the short term, it will keep falling, annoying
Wait, is this data real-time? Feels like it’s changed again
Will the 0.14000 barrier really be reached? It’s a bit uncertain
Setting such a high stop-loss, risk management? Just get liquidated, brother
Reduce positions on rebounds, reduce positions on rebounds, when will you finally stop reducing?
Is MACD reliable? Honestly, I only look at candlestick charts
DOGE's recent trend is indeed quite interesting. From a technical perspective, the MACD continues to weaken below the zero line, and the bearish pattern is basically stable. The price is being held down firmly by the MA20 line, and each rebound is basically a good opportunity to reduce positions.
Currently, the price is at 0.14648. There is still a good opportunity to go short directly from here. The key is to watch the resistance near MA20 at 0.14967; breaking through that would be a warning sign. In the short term, focus on the 0.14240 level. If all goes smoothly, further decline to 0.14000 is also possible.
Stop-loss should be strictly set, with the stop-loss level above 0.15700 to prevent risks from spreading casually. Although the technical outlook leans bearish, markets change rapidly, and risk management remains the top priority.