$DOGE /USDT Technical Analysis - Targets Update
Current Price: $0.32036
Change: -5.46% (30m timeframe)
Dogecoin ($DOGE /USDT) is showing recovery signs after a pullback. The current level indicates a possible consolidation phase before the next major move. Here are the three targets for this setup:
---
First Target: $0.3300 (Immediate Resistance)
Analysis:
A key resistance level close to the current price. A breakout above this could indicate bullish momentum.
Action Plan:
Watch for confirmation candles with increased volume. Consider partial profit-taking at this level.
---
Second Target: $0.3400 (Key Resistance Zone)
Analysis:
This aligns with the 24h high of $0.34042. Breaking this level can trigger stronger buying momentum.
Action Plan:
Adjust stop-loss to $0.3250 to lock in profits. Monitor RSI levels for potential overbought conditions.
---
Third Target: $0.3600 (Extended Target)
Analysis:
A mid-term target if bullish momentum continues. This level is significant due to its historical relevance as a resistance zone.
Action Plan:
Secure partial profits above $0.3400 and trail stop-loss for further gains.
---
Support Levels to Watch:
$0.3150: Immediate support based on recent pullbacks.
$0.3055: 24h low, acting as a critical defense level.
Trading Strategy:
Use stop-loss below $0.3050 to minimize downside risk.
Set trailing stops after hitting each target to protect gains.