$DOGE 🐶🐶🐶

$DOGE DOGE/USDT Here's the technical analysis for potential movement in the next 24 hours:
Chart Analysis
1. Current Price: 0.40099 USDT.
2. RSI (Relative Strength Index): RSI is below 50, indicating bearish momentum, but approaching the oversold zone.
3. MACD: The histogram shows weakening bearish momentum. If the MACD line crosses above the signal line, it indicates a bullish trend.
4. Bollinger Bands: The price is near the lower Bollinger Band, suggesting potential for a rebound or upward correction.
5. Stochastic RSI: The oversold level indicates a possible rebound soon.
Entry and Stop Loss Levels
Based on indicator analysis:
Buy Entry: Around the strong support level of 0.39500–0.39800 USDT, once a bullish pattern is confirmed (e.g., a reversal candlestick like a hammer).
Stop Loss (SL): Below the key support at 0.39000 USDT to minimize risk if the price continues to drop.
Take Profit (TP): First resistance level at 0.41500 USDT, with a further target at 0.42500 USDT if bullish momentum continues.
Recommendation
Wait for confirmation of a bullish candlestick at the support level before entering a position.
If indicators like RSI and Stochastic begin to rise from oversold levels, this provides additional buy signals.
Use proper risk management (e.g., risking only 1-2% of total capital per trade).