📊 #DOGE 4-Hour Timeframe: Technical Analysis
🔍 Technical Overview:
Current Price: 0.39073
Trend: Local uptrend forming after a recovery from the 0.29 level.
Support Levels:
0.36 — nearest support level.
0.29 — key support zone and previous bottom.
Resistance Levels:
0.40 — local high.
0.48 — strong resistance that previously blocked price growth.
💡 Recommendations:
🔵 Entry Points:
First Entry: Enter on a breakout and consolidation above 0.40 — confirms trend strength.
Second Entry: On a pullback to the 0.36 level (support zone).
Third Entry: In case of a correction to the 0.29 zone — a safe long-term entry.
Fourth Entry: Enter if the price revisits the 0.48 range and begins testing this level.
🟢 Take-Profit Points:
First Take-Profit: At 0.40 — nearest resistance; secure 25% of the position.
Second Take-Profit: At 0.48 — local high; secure 50% of the position.
Third Take-Profit: At 0.50 — on a breakout above 0.48 and trend continuation.
Fourth Take-Profit: In case of a sharp rally, secure the remaining position at 0.55.
⚠️ Risks:
If the price breaks below 0.36, the trend may reverse, requiring loss mitigation.
Watch trading volumes — growth without volume may signal a false breakout.
📈 Stay sharp and trade smart! 🚀
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