$DOGE /USDT Technical Analysis and Trade Signal

Current Market Data

Price: $0.32113

24h Change: +2.31%

Resistance Levels: $0.32910 (24h High)

Support Levels: $0.30930 (24h Low)

Technical Indicators

1. Moving Averages (MA):

50 EMA: Bullish crossover, indicating upward momentum.

200 EMA: Price above the 200 EMA, confirming bullish sentiment.

2. RSI (Relative Strength Index):

Current RSI: 61 (Neutral-Bullish zone, potential for further upside).

3. MACD (Moving Average Convergence Divergence):

Bullish crossover observed, histogram turning positive.

4. Volume:

Increasing volume supports the breakout scenario.

Trade Signal

Trade Type: Long

Entry Zone: $0.319 - $0.322

Targets 🎯

1. Target 1: $0.329 (Immediate resistance)

2. Target 2: $0.337 (Short-term breakout level)

3. Target 3: $0.345 (Potential swing high)

Stop Loss:

$0.308 (Below recent support level to minimize risk).

Trade Momentum

Trend: Bullish

Timeframe: Short-term (1D to 4H)

Risk-Reward Ratio: 1:3 (Optimized for higher gains).

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