#BTC100KTrumpEffect
May I have you attention⚠️ plz On DOGE/USDT here is a quick technical analysis:
### Observations:
1. **Price Movement**:
- The current price is **0.38713 USDT** with a slight recovery (+1.08%).
- The 24-hour high is **0.39555**, and the low is **0.37600**.
2. **Moving Averages (MA)**:
- MA(60): **0.39126** - The price is trading below the MA(60), indicating a bearish trend in the short term.
- MA(5) and MA(10) are crossing over, suggesting potential momentum changes.
3. **Volume**:
- Volume spikes are noticeable, indicating increased market activity, but no clear trend continuation or reversal yet.
4. **Trend**:
- The chart reflects a downtrend as the price remains below the MA(60).
- The recent volume surge suggests a potential short-term pullback.
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### Trading Strategy:
#### **Short-term plan:**
- **Entry Point (Long)**: Enter near **0.38600**, assuming the price stabilizes above the recent low.
- **Stop Loss (SL)**: Place SL at **0.37550** to limit losses if the price breaks the recent low.
- **Take Profit (TP)**:
- **First Target**: **0.39150** (near MA(60)).
- **Second Target**: **0.39500** (near 24-hour high).
#### **Short Strategy**:
- **Entry Point (Short)**: Enter below **0.38450** if the price fails to hold support.
- **Stop Loss (SL)**: Place SL at **0.39000**.
- **Take Profit (TP)**:
- **First Target**: **0.37950**.
- **Second Target**: **0.37500**.
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### Contingency Plans:
1. **Plan A**: If price moves above **0.39150**, wait for confirmation before entering a new long position.
2. **Plan B**: If price breaks **0.37550**, expect further bearish movement; consider re-entering at lower levels.
3. **Plan C**: Monitor for volume spikes to confirm breakout/breakdown reliability.
4. **Plan D**: Consolidation around **0.38500–0.39000** could indicate indecision; wait for clear trends before entering trades.