DOGE 4-hour chart rebound bottom? Key levels and trading opportunities analysis

Question

【Crypto World】Looking at DOGE's recent 4-hour trend, the market from 16:00 on December 19 to now is quite interesting. The price has rebounded compared to the night before last at 8:00, but overall it is still within a correction channel—the last candlestick closed bearish, indicating some loss of momentum among the bulls.Trading volume is also shrinking. During the upward phase, volume is decreasing, which is a signal to watch out for, suggesting that buying momentum is weakening.From a technical perspective, the MACD histogram remains positive and is gradually lengthening, indicating that the bulls have not yet exited. The KDJ value is around 72, between neutral and overbought, with no clear golden or death cross signals. Overall, the market shows no particularly obvious direction, more of a consolidation and correction rhythm.Regarding specific price levels:**Bullish reference**—0.12026 and 0.1214 can be considered as entry points, with stop-losses set at 0.12026.**Bearish reference**—0.13682 and 0.135 can be considered for short positions, with stop-loss at 0.13682.Support is at 0.1214, resistance at 0.135, 24-hour high at 0.13682, and low at 0.12026. This range is the current main battleground area; waiting for a breakout confirmation signal before entering would be more prudent.

MetaverseMortgage · Accepted Answer

The shrinking volume definitely needs attention; it seems the bulls' momentum isn't strong enough yet.

RugPullProphet · Answer

The shrinking trading volume is indeed very important, it looks like the bulls are feeling uneasy. I'm a bit worried about the KDJ at the 72 level, it seems like it could test support at any time. The support at 0.12026 must hold, otherwise there is room for further decline.

SchrodingerWallet · Answer

The shrinking volume is a bit heartbreaking, are the bulls really losing momentum... I have already positioned myself at 0.12026, just waiting to see if it can rebound.

TokenomicsTherapist · Answer

Be careful with the shrinking trading volume; it's easiest to get caught off guard when prices aren't moving up. The sense of game theory is strong.

GasFeeLover · Answer

The volume is shrinking while prices are still rising, which doesn't feel right. It seems like the bulls are losing momentum.

CryptoSourGrape · Answer

If I hadn't stayed up watching the market yesterday, I would have already bottomed out at 0.12026... Sigh, it's another missed opportunity.