$DOGE / USDT Analysis: Breakout is underway! 🔥💯
Current price: $0.33624 (+14.10%)
• Market Overview: DOGE/USDT showed a strong recovery, breaking the $0.3200 resistance with increasing momentum. Price action suggests a potential continuation if key levels are held.
• Key Levels:
• Resistance: $0.3500 (24-hour high)
• Support: $0.3200 (recent breakout level)
Trading Strategy:
• Long Entry: Above $0.3400 (confirmation of next breakout). Target: $0.3800.
• Short Entry: Below $0.3200 (bearish reversal). Target: $0.3000.
• Stop Loss: Place below $0.3100 for both setups.
Next Step:
DOGE is likely to retest $0.3500 soon. A break above this could push it towards $0.3800 in the short term. However, failure to hold $0.3200 could lead to a correction towards $0.3000. Watch for volume confirmation to time your entry accurately.