đ¨ $DOGE /USDT AT CRUCIAL PIVOT POINT â A BREAKOUT INCOMING? đ¨
DOGE is trading within a clear upward channel on the 4H chart, currently priced at 0.1466 USDT. With strong upward momentum building, hereâs what traders need to know for strategic entries:
đĄ Support and Resistance đĄ
đ§ Key Resistance: 0.1500 USDT â DOGE has tested this level multiple times. A breakout here could ignite a sharp rally toward 0.1600 USDT and beyond.
đ Critical Support: 0.1400 USDT â If DOGE pulls back, this zone should act as a buffer. A breakdown below this level may trigger a fall toward 0.1300 USDT.
đ Trade Strategy
⢠Long Entry: Enter on a breakout above 0.1500 USDT. Set stop-loss at 0.1440 USDT. Target 0.1600 USDT for a strong upward swing.
⢠Short Entry: Enter if DOGE breaks below 0.1400 USDT. Set stop-loss at 0.1450 USDT, and target 0.1300 USDT for a short-term downside.
â ď¸ Momentum is building, but trade with caution. Breakouts can be swift, while breakdowns could lead to steep declines. Keep an eye on volume surges for confirmation!
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