$DOGE Updated DOGE/USDT Trade Strategy 🚀🐕‍🦺

Key Data:

Current Price: $0.41696 (+8.22%)

Support: $0.40956

Resistance: $0.42000

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Short-Term Indicators:

SuperTrend: Bullish with price above the green line.

Volume (SMA 9): 28.246M (Strong buying pressure).

RSI (14): 82.76 (Overbought – caution for possible pullback).

ADX: 45.07 (Indicates strong trend strength).

BB %B: 1.03 (Price near upper Bollinger Band).

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Short-Term Trade Plan:

1. Entry Point:

Buy on pullback near $0.40956 (support zone).

2. Profit Targets:

First Target: $0.42000

Second Target: $0.42900

3. Stop Loss:

Place at $0.40400 for downside protection.

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Mid-Term Trade Plan (4–8 Hours):

Breakout Buy: Above $0.42000 with confirmation.

Profit Targets:

Primary: $0.42900

Secondary: $0.43500

Stop Loss: Adjust dynamically to $0.41000 after breakout.

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Key Observations:

RSI above 80 indicates overbought conditions. Monitor for potential consolidation or correction.

High volume supports upward momentum, but a cooldown may occur.

ADX above 45 confirms strong bullish momentum.

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Actions:

1. Set Alerts:

Support: $0.40956

Resistance: $0.42000

2. Monitor RSI: Caution above 85 for potential reversal.

3. Volume Confirmation: Sustained high volume required for continuation.

Stay cautious and execute with discipline. 📊 #DOGE #CryptoTrading