🚨 $DOGE /USDT ALERT: Sharp Drop Testing Critical Support! 🚨
DOGE is trading at $0.40674, down 14.10% in the last 24 hours. The price has dropped from a high of $0.47530 to test a low of $0.40469, showing strong bearish pressure. DOGE is now at a key support zone, and traders should watch for a potential bounce or further breakdown.
Trade Setup:
Entry Price: $0.40650 for a bounce or wait for breakdown confirmation.
Key Levels to Watch:
Resistance: $0.4200 – Recovery above this level could indicate bullish reversal attempts.
Support: $0.4040 – A breakdown below this level may trigger a deeper sell-off.
Take-Profit Targets:
Target 1: $0.4150
Target 2: $0.4250
Target 3: $0.4350
Stop Loss: $0.4000 (to limit downside risk)
⚠️ Caution:
Failure to hold $0.4040 could lead to a slide toward $0.3900 or lower.
Watch for high volume near the support level for signs of a reversal or acceleration of the downtrend.
Ensure strict risk management in the current volatile environment.
