$DOGE /USDT has been consolidating in a tight range for the past few hours, with the price oscillating between the $0.31800 and $0.32000 levels. The recent price action suggests a potential bullish breakout as the price has formed a bullish engulfing candle, indicating a shift in momentum towards the upside.
Current Price: $0.31856
Entry: $0.31856 (Breakout above the resistance level)
Resistance: $0.32000
Support: $0.31800
Take-Profit Targets:
* T1: $0.32200
* T2: $0.32400
* T3: $0.32800
Stop-Loss: $0.31600
Caution:
Traders should monitor the market closely for any signs of stability or a potential breakout. If the price fails to break above the resistance level and starts to retrace, it could signal a potential bearish reversal.
