RSI (Relative Strength Index): RSI is currently around 45, indicating the market is not yet overbought or oversold. It suggests the market is neutral with a potential for upward movement if bullish momentum kicks in.
MACD (Moving Average Convergence Divergence): MACD is slightly bearish, with the MACD line below the signal line. A cross above the signal line could indicate a potential bullish reversal.
4. Price Action:
DOGE has shown some downward movement in the last 24 hours, but it's approaching a key support level. If this level holds, we may see a bounce or consolidation before any potential upward movement.
Trade Signal:
Entry Point: $0.30850 (buy close to current price or near the support level).
Target Levels 🎯:
1. Target 1: $0.31500 (Short-term resistance, near a recent price level).
2. Target 2: $0.32000 (Mid-term target, near Fibonacci retracement levels).
3. Target 3: $0.32400 (Long-term target, near the 24h high and key resistance).
Trade Momentum:
The market is showing neutral momentum, with a slight bearish bias. However, the support at $0.30510 is crucial for any potential upward move.
A breakout above $0.32000 could signal a strong bullish momentum.
Stop Loss: Place a stop loss around $0.30400 to limit risk if the support fails.
