⚠️ WARNING FOR YOU ABOUT DOGE COIN IN THE NEXT 12 HOURS

$DOGE DOGEUSDT, this is the technical analysis for the next 12 hours:

1. Price Trend

Last price: $0.40731.

The price has experienced a strong bullish run but is currently entering a consolidation phase or possibly a correction.

The overall trend remains positive, supported by upward-sloping moving averages (MAs).

2. Key Indicators

MACD: Still in the positive zone, but the chart is narrowing, indicating weakening momentum.

RSI: Around 60, suggesting the market is cooling off after previously being overbought.

Stochastic RSI: Approaching oversold levels, hinting at potential recovery if support holds.

Volume: Decreasing compared to the initial surge, indicating reduced buying pressure.

3. Important Levels

Resistance:

$0.4310: Immediate resistance, based on recent highs.

$0.4400: Secondary resistance if bullish momentum returns.

Support:

$0.4000: Nearest support, consistent with recent consolidation.

$0.3800: Stronger support level if deeper correction occurs.

4. Trading Strategy

For a bullish setup:

Entry point:

Enter around $0.4000-$0.4050 during pullbacks.

Confirm entry point with increased volume or bullish signals on Stochastic RSI.

Stop loss (SL):

Set SL below $0.3800 to limit risk.

Take profit (TP):

TP1: $0.4310 (immediate resistance).

TP2: $0.4400 for extended bullish trend.

For a bearish setup:

If the price does not surpass $0.4310, consider a sell position with:

Entry point: Near $0.4280-$0.4310.

SL above $0.4400.

Targets: $0.4000 and $0.3800.

Please refer to this.