Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
$DOGE 👉 There is still room to decrease, NOT yet safe to conclude an uptrend.
⸻
Why say the downtrend isn't over yet?
• Daily frame (D1): price still below EMA 5–10–30 → main trend still downward
• 1H frame:
• The recent move is a technical rebound
• Weak rebound strength, low volume
• MACD just started to rise, not yet showing a bullish divergence
👉 This is a pattern: a rebound to continue selling, not a reversal.
⸻
🎯 Important levels for easier decision-making
🔴 SCENARIO OF A DROP (more likely)
• If it doesn't break above and hold above 0.1245–0.125
👉 Very likely to return to:
• 0.120
• Deeper: 0.118 – 0.1175 (old bottom)
🟢 When can we say “the decline is over”?
Only when all 3 conditions are met simultaneously:
1. H1 closes firmly above 0.126
2. EMA10 crosses above EMA30
3. MACD widens positively
❌ Missing 1 of the 3 → not confident yet
⸻
🧠 Practical advice (is important)
• At this point:
• ❌ Do not chase longs
• ⏳ If no order yet → staying out is the best
• If you already have an order:
• Rebound to 0.124–0.125 but weak → exit / lightly short
⸻
👉 To summarize for easy remembering:
The main trend is still down – this move is just a rebound.