š #DOGE/USDT Trade Setup: Bullish Momentum Pauses! š
š Uptrend prevails! Post a significant 150% surge from the breakout of a Channel Down pattern, Dogecoin reached $0.20. However, extreme overbought conditions (RSI ~ 90) prompted a rejection at $0.20 resistance. Expect a near-term pause with potential support at the 50% Fibonacci Retracement level of $0.15, offering a swing trade entry with a 30% upside target to $0.20.
š Trend: Uptrend (ST, MT, LT)
š Momentum: Bullish but signaling an inflection. MACD Line > Signal Line, RSI > 55. Watch for potential weakening momentum with declining MACD Histogram bars.
š Supp/Res: $0.15 (Potential Support), $0.11 (Support), $0.20 (Resistance), $0.225 (Next Resistance)
šØ Set alerts & manage risk!
šÆ Buy Signal: Near $0.15 (Potential Swing Trade Entry)
šÆ Sell Target: $0.20
š Stop Loss: Below $0.125
Stay vigilant! š #TradingSetup #Dogecoin #DOGE #CryptoTrading $DOGE