$DOGE

$DOGE /USDT Trading Signal – Testing Resistance Amid Bullish Momentum



Current Price: $0.39149 (+3.56%)
24h Range: $0.37642 - $0.39876
24h Volume: 1.81B DOGE

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Observation

DOGE has gained over 3% in the last 24 hours, reaching a high of $0.39876. The price is currently consolidating near $0.391, suggesting a potential breakout above the resistance level or a short-term pullback to test support zones.

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Trading Plan (1H Timeframe)

Long Entry: $0.3880 - $0.3920

Targets:

T1: $0.4000

T2: $0.4100

T3: $0.4200

Stop Loss: $0.3820

Alternate Plan:

If price breaks below $0.3850:

Short Entry: $0.3850 - $0.3800

Targets:

T1: $0.3750

T2: $0.3650

Stop Loss: $0.3950

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Analysis

MACD shows neutral momentum, with a slight bullish bias. A breakout above $0.4000 could trigger a rally toward $0.4200, while a failure to hold $0.3850 may lead to a short-term retracement.

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Strategy Advice

Monitor the price action near key levels. Use tight stop-losses to manage risk and secure profits as targets are achieved. Look for increased trading volume to confirm breakout potential.

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