$1MBABYDOGE

1. General Trend Analysis

• The current price is in a downtrend (-4.29%), as indicated by the downward movement on the candlestick chart.

• Moving Averages (MA):

• MA(8) and MA(20) are below MA(50) and MA(100), suggesting selling pressure.

• MA(200) (at 0.0035508) is above the current price, reinforcing the downtrend.

2. Technical Indicators

MACD

• DIF line (-0.0000814) is below DEA (-0.0000821), indicating loss of bullish momentum.

• Red histograms point to selling strength.

RSI (6, 12, 24)

• RSI(6): 24.69 (oversold).

• RSI(12): 32.85 (close to oversold).

• RSI(24): 39.63 (still neutral).

• These values ​​suggest that the asset may be close to an accumulation or reversal area.

Stochastic RSI

• K(17.96) and D(26.31) are low, which confirms the oversold condition. There may be a possible recovery in the short term, if the volume increases.

OBV (On-Balance Volume)

• OBV shows a considerable drop, indicating that the selling volume is exceeding the buying volume.

Williams %R

• The value of -96.79 is close to the lower limit (-100), which also points to a possible reversal soon, if buying strength appears.

3. Key Levels

Support:

• 0.0031574 (low in the last 24 hours).

• 0.0029245 (strongest support area).

Resistance:

• 0.0033695 (high in the last 24 hours).

• 0.003519 and 0.0035889 (next resistance areas).

4. Entry and Exit Signaling

Entries:

• An entry may be considered if the price reaches 0.0031574 and shows signs of reversal (such as an increase in volume or an RSI/Stochastic crossover).

• Another possibility is to wait for a break above 0.0033695 to confirm the start of a new uptrend.

Exits:

• Take profits at 0.0033695 (near resistance).

• Signal an exit if the price breaks 0.0029245, as this will indicate a continuation of the downtrend.

I'm waiting for this reversal!!