technical analysis and trade signals for the $1MBABYDOGE /USDT pair based on the data you provided:

Current Price: $0.0051061

24h High: $0.0057726

24h Low: $0.0050019

24h Volume: 28.76B (1MBABYDOGE), 153.81M (USDT)

24h Change: -5.46%

Support and Resistance Levels:

Support Level 1: $0.0050019 (recent low)

Support Level 2: $0.0049000 (psychological level and previous low)

Resistance Level 1: $0.0057726 (recent high)

Resistance Level 2: $0.0060000 (next key resistance)

Trade Signals:

Buy Signal:

If the price breaks above $0.0053000, enter a buy position, as it could indicate a potential upward movement toward resistance levels.

Sell Signal:

If the price dips below $0.0050019, consider selling or setting a stop-loss, as the price might revisit the lower support levels.

Target Levels:

1. Target 1: $0.0055000 – Short-term resistance level and potential profit-taking point.

2. Target 2: $0.0057500 – Key resistance zone, expect price consolidation or reversal.

3. Target 3: $0.0060000 – If bullish momentum continues, this level is the next major target.

Trade Momentum:

Bullish Momentum: If the price moves above $0.0053000 and shows a strong upward movement, we can expect momentum to carry towards the $0.0057500 and $0.0060000 levels.

Bearish Momentum: If the price breaks below $0.0050019, there could be a continuation of the downtrend toward $0.0049000 or even lower.

Recommendation:

Watch the price around $0.0053000 for a potential breakout.

Set stop-loss near $0.0050000 to manage risk effectively.

Look for possible short-term rallies to take profits around $0.0055000 or $0.0057500.

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