Dogecoin (DOGE) is trading at approximately $0.3135 USDT.
Technical Indicators:
• Support Levels:
• First Support: $0.3067
• Second Support: $0.3000
• Third Support: $0.2900
• Resistance Levels:
• First Resistance: $0.3277
• Second Resistance: $0.3400
• Third Resistance: $0.3500
These levels are derived from recent price action and pivot point calculations.
Market Sentiment:
Technical analysis suggests a bearish trend for DOGE/USDT in the short term. Indicators such as the Relative Strength Index (RSI) and Moving Averages are signaling a ‘Strong Sell’.
Trade Setup:
• 🔷 Coin Name: DOGE/USDT
• 🟩 Long/Short: Short
• ♻️ Leverage: 3x (use caution with leverage)
• 👉 Entry: $0.3100
• 🎯 Targets:
• First Target: $0.3000
• Second Target: $0.2900
• Third Target: $0.2800
• ⛔ Stop Loss: $0.3200
Alternative Scenario:
If the stop loss at $0.3200 is hit, it may indicate a reversal to a bullish trend. In this case, consider a long position with the following parameters:
• 🟩 Long/Short: Long
• ♻️ Leverage: 3x (use caution with leverage)
• 👉 Entry: $0.3250
• 🎯 Targets:
• First Target: $0.3350
• Second Target: $0.3450
• Third Target: $0.3550
• ⛔ Stop Loss: $0.3150
