🚨 DOGE at Critical Point: Breakout or Rejection?🚀
Technical Analysis:
Resistance Levels:
$0.34000 (trendline and horizontal resistance)
$0.40000 (major target after breakout).
Support Zone: $0.30000 - $0.31000 (strong demand zone).
Trendline: Price is testing a descending trendline, signaling potential for a breakout.
Trading Plan:
1. Bullish Scenario:
Wait for a 4H candle close above $0.34000 (trendline breakout).
Entry: $0.34100 after confirmation.
Target 1: $0.36000
Target 2: $0.40000
Stop-Loss: Below $0.33000.
2. Bearish Scenario:
If price rejects $0.34000 and breaks below $0.31000:
Entry: $0.30800 after a breakdown.
Target 1: $0.30000
Target 2: $0.28000
Stop-Loss: Above $0.32000.
Monitor volume for confirmation of breakout or breakdown.
💬 Will DOGE break the trendline or return to the $0.31 demand zone? Let’s hear your strategies!