2026-02-23 10:07:44

【$DOGE Signal】1H Breakout and Rebound After Pullback, Short-term Short Squeeze Play

$DOGE The 1H timeframe experienced a sharp decline in the early session, forming a double bottom around 0.0922 and strongly rebounding. Currently, the price has broken above the 1H EMA20 (0.0950) and is testing the 1H EMA50 (0.0962). The 4H timeframe remains in a downward channel with oscillation, but the V-shaped reversal on the 1H and the buy depth (bid_ask_ratio_depth: 1.16) indicate strong support below. The key point is: the price is falling but open interest (OI) remains stable, and the latest 1-hour buy ratio reaches 67%, suggesting a short-term rebound opportunity driven by a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0960 - 0.0963 (Reason: 1H EMA50 resistance zone, waiting for confirmation of stabilization )

🛑Stop Loss: 0.0945 (Reason: Break below the 1H double bottom neckline and EMA20 support )

🚀Target 1: 0.0980 (Reason: Previous small resistance on the 4H timeframe )

🚀Target 2: 0.1000 (Reason: Psychological level and near 4H EMA20 )

🛡️Trade Management:

- Position suggestion: Light position (Reason: 4H trend has not fully turned bullish, belongs to a counter-trend play on a smaller cycle )

- Execution strategy: Consider the price breakout confirmed after stabilizing above 0.0965. Reduce position by 50% upon reaching Target 1, and move stop loss to entry price. If the price cannot effectively break above 0.0965 and falls back, consider exiting early.

Depth logic: Market depth shows buy orders (below 0.0965) far exceed sell orders (above 0.0965), with a 7.24% imbalance indicating strong support from major players. The 1H RSI (58.17) still has room to rise, and the recent buy volume spike on the candlesticks signals a typical influx of short-term funds. Coupled with negative funding rates, there is a risk of short squeeze. The core play is the continuation of momentum on the 1H level.

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