For $DOGE /USDT on the 15-minute time frame, the current price is 0.40955, with strong bullish momentum pushing it up by 44.76% over the last 24 hours.
The chart shows a key resistance level at 0.42200, which could act as a ceiling if buying pressure weakens, potentially sparking a retracement.
On the downside, support is found at 0.38337, providing a safety net in case of a pullback. Entering a trade around the current price of 0.40955 may offer a good position to ride the ongoing trend.
Suggested take-profit levels are set at 0.41500 (TP1), 0.41900 (TP2), and 0.42200 (TP3), to capture gains incrementally if the price continues to climb.
To protect against losses, a stop-loss at 0.39500 is advisable, minimizing downside risk. Given the current volatility, it’s crucial to monitor price action closely, especially as it nears resistance or support, to adjust as needed.
This setup targets short-term gains in line with the prevailing bullish trend.
