Just finished analyzing the DOGE four-hour chart, to be honest, I feel a bit uneasy—this trend smells fishy.

The obvious fact: DOGE is currently in a clear downtrend channel. Even more concerning is that the MACD double lines have already crossed below zero and formed a death cross, which is a serious bearish signal. Coupled with the ongoing shrinking volume, the market right now is in an awkward situation of "nobody wants to buy the dip, nobody wants to chase the rally."

Looking upward? The resistance levels at 0.147 and 0.153 are like two iron gates. With the current weak volume and downward trend, breaking through directly? Don’t even dream about it. Each rebound seems more like a window for you to escape.

Looking downward? The first line of defense is at 0.133, and below that is the critical 0.128 level. The death cross effect combined with decreasing volume and falling prices suggests a high probability of testing 0.133 or even breaching down to 0.128.

Friends holding DOGE, don’t get overly excited about "bottom fishing and adding positions." In a downtrend, catching falling knives will likely lead to bloodshed.

Straightforward trading advice:
For those holding positions, wait for a rebound to the 0.141-0.145 range to trim some, lock in profits, and avoid stubbornly holding. For those on the sidelines, entering now is like sending your head to the guillotine. Wait until the price stabilizes and a volume-driven bullish candle appears before taking action.

Remember this old saying: Going with the trend is the key; fighting the trend will only hurt yourself.

DOGE’s current correction hasn’t bottomed out yet. The next move is critical—stay alert, don’t let emotions influence your judgment.