🚀 $DOGE /USDT ON THE EDGE OF A BREAKOUT WILL THE BULLS TAKE CHARGE? 🚀
$DOGE /USDT is trading at 0.37386 on the daily chart, showcasing impressive bullish momentum following a substantial price surge. With resistance at 0.39150 and support at 0.35260, the price is approaching a critical zone.
A potential long trade could be initiated if DOGE holds above its current level, with profit targets set at 0.38000, 0.39150, and 0.40500. However, the RSI at 74.72 signals overbought conditions, hinting at a possible pullback near resistance.
To mitigate risks, a stop-loss is placed at 0.36500. If $DOGE breaks above 0.39150 with solid volume, it could ignite another rally, but losing support at 0.35260 might result in a deeper correction.
Traders are advised to closely monitor the price action and adjust stop-loss levels as the price approaches the targets.