$DOGE /USDT drops by -4.35%, trading at $0.39138. With high trading volumes and significant volatility, there are opportunities for both long and short positions.
🎯 Targets for Long Trades:
1️⃣ First Target: $0.4000 – Recovery to the psychological level. 2️⃣ Second Target: $0.4060 – Retesting the mid-range resistance. 3️⃣ Third Target: $0.4140 – Approaching the 24-hour high resistance.
Setup: Enter above $0.3920 after a strong bullish reversal signal. Use $0.3850 as a stop-loss to protect against further dips.
🎯 Targets for Short Trades:
1️⃣ First Target: $0.3890 – Immediate support level. 2️⃣ Second Target: $0.3800 – Deeper retracement zone. 3️⃣ Third Target: $0.3700 – Testing a significant support area.
Setup: Short if price breaks below $0.3900 with confirmation of bearish momentum. Use $0.3950 as a stop-loss to minimize risks.
⚡ Market Insight: $DOGE continues to exhibit volatility, creating excellent opportunities for scalpers and swing traders. Monitor volume trends and MACD signals for better entry points.