It only took 3 candles after my analysis was published... 😝 $DOGE

$DOGE From the DOGE/USDT chart on the 4-hour timeframe, we can observe several technical indicators to analyze the market and create a trading strategy for the next 24 hours:
1. Moving Averages (MA):
The MA(7) is above the MA(25) and MA(99), indicating an overall upward trend. However, the price has started moving slightly below the MA(7), which could suggest a potential minor correction or consolidation.
If the price breaks and stays below the MA(25), it could signal an initial sign of a downtrend.
2. Relative Strength Index (RSI):
The RSI is around 53, which is in the neutral area. This shows that DOGE is neither overbought nor oversold. However, the flat movement of the RSI could indicate that the market is waiting for a catalyst to determine its next direction.
3. MACD (Moving Average Convergence Divergence):
The MACD shows a histogram near zero, with the MACD line slightly below the signal line. This could indicate weakening momentum, with the possibility of a trend reversal or consolidation.
4. Volume:
The trading volume has been decreasing in the last few candles, which may suggest that buying or selling pressure is starting to weaken. Decreasing volume could indicate that buyers and sellers are waiting for a clearer market direction.
Buy Entry Strategy
Buy Entry: Consider buying when the price stabilizes above the MA(7) or if there is a strong bullish candle surpassing the nearest resistance level (around 0.43439 USDT from the 24-hour high).
Stop Loss (SL): Place a stop loss below the nearest support level or below the 24-hour low (around 0.37110 USDT) to limit risk if the price reverses.
Take Profit (TP): Target around 0.45-0.47 USDT or the next resistance level depending on market movement.
Note:
The crypto market is highly volatile, so it's essential to monitor positions closely and adjust SL/TP levels based on the latest price movements. Also, consider other factors like market sentiment or recent news that could affect DOGE's price.