$DOGE 🚀🚀🚀🤩🤩🤩😮‍💨😮‍💨😮‍💨

$DOGE DOGE/USDT, here’s a breakdown of potential entry, exit, and stop-loss points for the next 12 hours:
Chart Analysis:
1. Current Price: DOGE/USDT is around 0.35849, with a recent drop of 10.27%.
2. Moving Averages (MA):
MA(7): 0.36898
MA(25): 0.37846
MA(99): 0.23589
The price is currently below the MA(7) and MA(25), indicating short-term bearish momentum.
3. RSI: The RSI is around 38.46, which is close to the oversold region (below 30). A lower RSI might suggest a buying opportunity if it drops further and bounces back, indicating a reversal.
4. MACD: The MACD shows a negative value (-0.00974), with the signal line above the MACD line, which confirms a bearish trend. However, if the MACD starts to turn, it could signal a buying opportunity.
Trade Plan:
1. Entry (Buy):
If the price breaks above the 0.37000 level and RSI starts trending upwards, it could signal a short-term reversal.
Alternatively, consider entering near the 0.35000 support if the price shows consolidation, as this could be a strong base.
2. Entry (Sell):
Enter a short position if the price drops below 0.35200, which could indicate a continuation of the downtrend.
3. Stop-Loss:
For a buy entry, place a stop-loss around 0.34500 to limit losses if the price breaks below support.
For a sell entry, place a stop-loss at 0.36500 to manage risk if the price reverses unexpectedly.
4. Take Profit:
For buy positions, consider taking profit around 0.38000, near the MA(25).
For sell positions, aim for around 0.34000 as a potential exit.
Please note that these levels may need adjustment based on price action and market volatility.