$DOGE USDT TRADING SIGNAL ๐โ
$DOGE price has recently pulled back from a high of 0.30341 and is currently around 0.27577, indicating some selling pressure.The RSI is at 34.39, suggesting that DOGE is approaching the oversold territory. This could imply a potential reversal if buying interest returns.Moving Averages: The 5-period moving average is at 83.4M, and the 10-period moving average is at 104.9M, showing declining volume, which might imply weakening momentum.
Trading Signal:๐โ
Buy Signal:
If the price closes above the 0.2800 resistance level on the next few 15-minute candles with increasing volume, it might indicate a reversal, providing a potential entry point.
Sell Signal: $DOGE
If the price drops below the 0.2650 support level, it might indicate further downside momentum, and a short position could be considered.
*Stop Loss: Below 0.2650 to manage downside risk.
Take Profit: 0.2900 for a conservative target, or closer to 0.3000 if momentum strengthens.
