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DOGE rebound is weak, revealing flaws! 0.105 has become the bearish resistance level, and a downward correction trend is forming within the day.
Current Price: 0.10488
First, the conclusion: DOGE has already entered a short-term bearish structure, belonging to a “continuation of decline after a rebound failure,” with the current trend leaning more towards oscillating downward rather than a trend reversal.
Failed to stabilize above 0.108 on the rally Highs gradually decline, forming a resistance structure MACD retreats from high levels and approaches a death cross Bollinger Bands tighten and then open downward
Core judgment: The 4-hour chart has entered a sideways bearish phase
Shows a “rise → pullback → weak rebound” structure Multiple rebounds are resisted around the 0.106-0.107 zone Moving averages turn downward, price trading below the moving averages MACD bearish momentum gradually strengthening
Short-term rhythm: Weak rebound + stair-step decline
If unable to regain stability above 0.106:
More likely to oscillate downward intraday First test support around 0.1035 If broken, may extend to the 0.102 zone
Direction: Short (market order entry)
Entry Price: around 0.10488
Take Profit:
First TP: 0.10383 (about -1%) Second TP: 0.10278 (about -2%)
Stop Loss:
Stop Loss Level: 0.10645 (about +1.5%)