2026-01-09 17:22:33

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.

DOGE-0,92%

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BearMarketBarber

· 17h ago

Such obvious main force distribution signals, yet some people are still chasing the hype. Just wait to be crushed through the previous lows.

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YieldHunter

· 01-09 17:49

honestly the RSI at 65.22 screams distribution vibes... if you look at the data, that MA60 resistance is basically a flashing red light for degens thinking this keeps pumping lol

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WalletDetective

· 01-09 17:39

The main force is really dumping in this wave. The RSI is already over 65, and they still dare to chase. What are these people thinking?

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CrossChainMessenger

· 01-09 17:38

The signs of main force distribution are indeed very obvious. With RSI so high, chasing is just giving away money. The short position is already at 0.14303, just waiting to see if it can retest. Every rebound is a trap; I've been caught too many times. This time, it must break below 0.14000; otherwise, it's a false breakout. Brothers who lightly hold positions to ambush support levels must strictly stop-loss and not be greedy.

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zkProofInThePudding

· 01-09 17:31

The main force's rhythm of this wave of distribution is really on point. The RSI has already soared to 65, and no one has awakened yet?

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