Dogecoin’s (DOGE) swift price descent over the past 48 hours saw the memecoin fall from $0.09 to $0.0769. This represented a 15% drop within the two day period.

过去 48 小时内，狗狗币 (DOGE) 的价格迅速下跌，从 0.09 美元跌至 0.0769 美元。这意味着两天内下跌了 15%。

However, buyers can expect some temporary relief from the selling pressure at the $0.0763 support level. This support level has initiated bullish rallies twice already this year and could offer buyers another opportunity to register some bullish momentum.

然而，买家可以预期 0.0763 美元支撑位的抛售压力会暂时缓解。这一支撑位今年已两次引发看涨反弹，可能为买家提供另一个获得看涨势头的机会。

DOGE extends sideways price action

DOGE has traded between a compact range over the past three weeks with $0.0763 acting as the range low and $0.0877 serving as the range high. This has presented short term traders with an opportunity to “trade the range.”

DOGE 扩大横向价格走势过去三周，DOGE 在一个紧凑的区间内交易，其中 0.0763 美元为区间低点，0.0877 美元为区间高点。这为短期交易者提供了“区间交易”的机会。

Trading the range involves buying a token at a range low and taking profits at a range high. This strategy is typically used by short term traders when the market hasn’t established a clear trend.

区间交易涉及在区间低点买入代币并在区间高点获利了结。当市场尚未建立明确趋势时，短期交易者通常会使用此策略。

DOGE/USDT on TradingView (4H Timeframe)

TradingView 上的 DOGE/USDT（4 小时时间范围）

Thus, the descent of DOGE to the range low again provides intraday traders a buying opportunity. Traders can wait for a bullish candle close on the four-hour timeframe before entering a long position. This could yield a profit margin of 15% for buyers, if price reverses to the range high of $0.08.

因此，DOGE 跌至区间低点再次为日内交易者提供了买入机会。交易者可以等待四小时时间框架内的看涨蜡烛收盘，然后再建立多头头寸。如果价格反转至 0.08 美元的区间高点，这可能会为买家带来 15% 的利润率。

In the meantime, the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) remained bearish with readings of 32 and -0.07 respectively.

与此同时，相对强弱指数 (RSI) 和柴金资金流 (CMF) 仍然看跌，读数分别为 32 和 -0.07。

Despite the low risk nature of the setup, traders should exercise caution, as a break of the range low would see DOGE experience more selling pressure. This could be accelerated if the current market sentiment remains bearish.

尽管该设置风险较低，但交易者应谨慎行事，因为突破区间低点将使 DOGE 面临更大的抛售压力。如果当前市场情绪仍然看跌，这种情况可能会加速。

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