$1MBABYDOGE price is currently in an uptrend, as indicated by the higher highs and higher lows on the chart. The recent bullish candle suggests that the momentum is still strong. The long-term trend is also bullish, as the price has been steadily moving higher over the past few days.
Support and Resistance:
Support: The immediate support level is at the recent low of 0.0023606. If the price breaks below this level, it could signal a reversal of the current uptrend.
Resistance: The immediate resistance level is at the recent high of 0.0029445. If the price breaks above this level, it could signal a continuation of the current uptrend.
Long Position: If the price breaks above the resistance level of 0.0029445, it could be a good opportunity to enter a long position. The stop-loss can be placed below the recent low of 0.0023606.
Short Position: If the price breaks below the support level of 0.0023606, it could be a good opportunity to enter a short position. The stop-loss can be placed above the recent high of 0.0029445.
