I've been watching the 4-hour chart lately, and the downward pressure on DOGE is clearly intensifying. After getting rejected from that supply zone around 0.15337, each high has been lower than the last—a structure that's usually not a good sign.
**My outlook is bearish** I'm currently eyeing an entry around 0.13928, with a stop loss set just above 0.14329. If the price breaks down smoothly, the first target is 0.13326, and for a more aggressive approach, you can look at the demand area around 0.12724. The logic is simple: during that previous pullback from the highs, selling pressure was released aggressively, so this bearish momentum will probably continue in the short term.
But in trading, you always need a backup plan. If the price reverses and breaks above 0.14329, then this whole bearish setup has to be scrapped and re-evaluated. In the markets, respect is more important than prediction.
One more thing, $CUDIS and $PIEVERSE have also been quite volatile lately, so it's worth keeping an eye on their correlation.
**Key takeaway**: Technicals are bearish, but make sure to use a strict stop loss.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
ThesisInvestor
· 12-06 10:21
The structure of Dogecoin is really quite strong, but I think we still need to watch the 0.13928 level.
View OriginalReply0
MetaMisery
· 12-06 10:21
Yeah, DOGE's trend is indeed getting hard to hold. I'm also watching the 0.13928 level.
View OriginalReply0
ForkMonger
· 12-06 10:19
ngl the doge technicals look pretty fragile rn, but ur stop loss placement is almost... competent? key thing most retail misses tho - they'll blow through 0.14329 and suddenly everyone's calling reversal like it wasn't just protocol inefficiency playing out again
Reply0
VitaliksTwin
· 12-06 10:19
The biggest fear during a short is getting trapped; this 0.14329 really is a hurdle.
View OriginalReply0
OnchainArchaeologist
· 12-06 09:57
Dogecoin has been a bit sluggish this time, I'm still waiting for that 0.13928 level, but I still think it's safer to leave some room.
#比特币对比代币化黄金 ⚡ $DOGE This price action is worth discussing
I've been watching the 4-hour chart lately, and the downward pressure on DOGE is clearly intensifying. After getting rejected from that supply zone around 0.15337, each high has been lower than the last—a structure that's usually not a good sign.
**My outlook is bearish**
I'm currently eyeing an entry around 0.13928, with a stop loss set just above 0.14329. If the price breaks down smoothly, the first target is 0.13326, and for a more aggressive approach, you can look at the demand area around 0.12724. The logic is simple: during that previous pullback from the highs, selling pressure was released aggressively, so this bearish momentum will probably continue in the short term.
But in trading, you always need a backup plan. If the price reverses and breaks above 0.14329, then this whole bearish setup has to be scrapped and re-evaluated. In the markets, respect is more important than prediction.
One more thing, $CUDIS and $PIEVERSE have also been quite volatile lately, so it's worth keeping an eye on their correlation.
**Key takeaway**: Technicals are bearish, but make sure to use a strict stop loss.