$DOGE /USDT on the 4-hour timeframe with several indicators such as RSI, MACD, and Moving Averages (MA). Below is the technical analysis and entry plan:
General Analysis1.
Current Price:
0.363502.
24-Hour High: 0.375803.
24-Hour Low: 0.340004.
RSI (Relative Strength Index): RSI is at level 46, indicating that the market is neutral (neither overbought nor oversold).
5. MACD: Negative histogram with the MACD line below the signal line, indicating a weak bearish trend.6. Volume: A decline in volume over the last few candles, indicating reduced momentum.---
Entry & Exit Strategy Entry BuyEntry Level:
If the price breaks through the nearest resistance level around 0.37580, a confirmed breakout can be a buy opportunity.
Stop Loss (SL): 0.36000 (below MA-7 to limit risk).
Target Profit (TP): 0.39000 (based on the potential next resistance).
Entry SellEntry Level:
If the price drops below the support at 0.34000, it can be a sell opportunity.
Stop Loss (SL): 0.36500 (above MA-25 to limit risk).
Target Profit (TP): 0.32000 (a strong support level based on previous trends).---
CautionSideways Condition:
Since the indicators show a neutral market, the price is likely to move sideways in the near term. Wait for a breakout or breakdown to confirm a trend.Volume Confirmation: Before entering a position, ensure there is an increase in volume to confirm the price movement.Use this analysis with proper risk management, as the cryptocurrency market is highly volatile.