EMERGENCY ALERT $DOGE SHORT & LONG SCENARIOS

Market Context:

Currently, we are observing significant volatility due to the ongoing #memecoinseason2024, which presents potential trading opportunities.

Resistance Level: $0.1165 (Breakout level)Support Levels: $0.09 - $0.085Target Levels for Short Position:$0.113$0.11$0.108$0.105$0.101$0.095

Trading Scenarios

1. Short Position

Entry Condition:

If the price rejects at $0.1165.Stop Loss: Set above $0.1165 to manage risk.Target Levels:First target at $0.113Additional targets at $0.11, $0.108, $0.105, $0.101, and $0.095.

2. Long Position

Entry Condition: If the next 4-hour candle closes above $0.1165.Stop Loss: Place at $0.11 to protect against downside risk.Potential Upside: A confirmed breakout could lead to a 20% price movement.

Confirmation Signals

Short Position Confirmation: A close below $0.11 in the next 4-hour candle.Long Position Confirmation: A close above $0.1165 in the next 4-hour candle.

Conclusion :

This strategy outlines clear entry and exit points based on technical analysis. Stay vigilant for market movements and adjust your positions accordingly. Thank you for your attention, and I look forward to providing more updates as the market evolves!

Feel free to adjust any specific

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