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DOGE's recent rebound looks fierce, but a careful look at the chart reveals some obvious clues. It surged to 0.14455 on the 4-hour chart before starting to face resistance. The RSI has already skyrocketed to 65.22, entering the overbought zone, indicating that buying momentum is waning. The MA60 moving average is stuck at 0.14406, and the MACD red histogram is showing little increase, suggesting a high possibility that the main force is using the rebound to offload positions.
Currently, at the 0.14303 level, you can consider opening a short position, with a stop-loss placed above 0.14455 for safety. The first target is 0.14000; if broken, continue to watch for 0.13800. If you're trading trend-following positions, you can hold firmly. Short-term traders aiming to catch a rebound at support levels must keep their positions light, set stop-losses properly, and be cautious of the main force reversing and smashing through previous lows.