$DOGE USDT Tradr signal in Current Scenario ✅📊
$DOGE is trading at 0.38589 USDT, having gained 36.52% in the last 24 hours, indicating a strong upward trend.
The 24-hour high is 0.42200, and the low is 0.27244, showing significant volatility and bullish momentum.
The most recent candles show a reversal pattern after hitting the peak at 0.42200, with a strong red candle appearing after a series of green ones. This could indicate a potential pullback or consolidation phase.
MA(5) and MA(10) are diverging, with MA(5) (shorter term) above MA(10), which confirms a bullish trend. However, if the price starts to dip below MA(5), it may signal a short-term correction.
RSI(6) is currently at 51.86, close to the neutral zone but showing a downward slope. This suggests weakening bullish momentum, and if RSI drops below 50, it could confirm the start of a correction or consolidation phase.
Trade Signal
Entry (Short-Term Sell/Correction): Given the strong red candle and weakening RSI, a short-term sell signal may be appropriate if DOGE fails to hold above the 0.385 level. A conservative entry would be below the next support around 0.38.
Stop-Loss: Place a stop-loss slightly above the recent high at 0.422 to limit downside risk if DOGE resumes its upward trend.
Target (For Short Trade): Aim for the next support levels around 0.35 or 0.32, depending on momentum.
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