๐ $DOGE /USDT Technical Analysis & Trade Signal โ Is a Rebound Coming?

๐ Market Overview:
Current Price: $0.30403 (-7.62%)
24h High: $0.32912 | 24h Low: $0.29708
Volume: 1.23B DOGE / 384.30M USDT
Trade Momentum: Bearish, but support zone in play!
๐ Technical Analysis โ Key Levels to Watch
๐น Support Levels:
โ $0.2970 โ Crucial Support
โ $0.2900 โ Strong Demand Zone
๐น Resistance Levels:
โ $0.3150 โ First Major Hurdle
โ $0.3250 โ Key Breakout Zone
๐น Indicators:
๐ RSI: 38 (Near Oversold, Potential Reversal)
๐ MACD: Bearish, but showing signs of convergence
๐ EMA 50 & 200: Trading below the 50 EMA, testing 200 EMA soon
๐ Trade Signal ๐ฏ โ Buy or Sell?
๐ข Long (Buy) Trade Setup:
Entry: $0.2980 - $0.3050 (Support Zone)
๐ฏ Targets:
1๏ธโฃ $0.3150 โ First Resistance
2๏ธโฃ $0.3250 โ Breakout Point
3๏ธโฃ $0.3400 โ Bullish Continuation Level
โ Stop Loss: $0.2900
๐ด Short (Sell) Trade Setup:
Entry: $0.3120 - $0.3200 (Resistance Rejection)
๐ฏ Targets:
1๏ธโฃ $0.3000
2๏ธโฃ $0.2950
3๏ธโฃ $0.2850
โ Stop Loss: $0.3250
๐ข Trade Momentum & Insights
๐ฅ A bounce from $0.2970 could trigger a strong recovery!
โ ๏ธ A breakout above $0.3250 may fuel a bullish rally!
๐ If support fails, more downside could follow!
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