Based on the provided chart for $DOGE /USDT on Binance (4-hour timeframe):
1. Trend Analysis: The price appears to be in an uptrend, showing higher highs and higher lows. However, the current candle indicates a slight pullback (-1.63%).
2. Key Levels:
Resistance: $0.48 (recent high).
Support: $0.44 (recent low).
3. Entry for Long Position: Consider entering a long position near $0.445–$0.450 if the price retraces further but holds above the $0.44 support. This is a strong demand zone where buyers may re-enter.
4. Long Targets:
First Target (T1): $0.465 (recent peak before pullback).
Second Target (T2): $0.48 (major resistance).
Stop Loss (SL): Place below $0.44 to limit losses.
5. Entry for Short Position: A short position may be viable if the price breaks below $0.44 with strong selling volume.
6. Short Targets:
First Target (T1): $0.430 (minor support).
Second Target (T2): $0.40 (psychological level and major support).
Stop Loss (SL): Place above $0.45 to protect against invalidation.
7. Indicators: The accumulation/distribution line indicates potential bullish accumulation, but volume confirmation is necessary to validate breakout or breakdown.
8. Risk Management: Use a position size that aligns with your risk tolerance, targeting a risk-to-reward ratio of at least 1:2.
Wait for the price to approach the critical levels ($0.44 or $0.48) and monitor for confirmation signals (candlestick patterns or volume spikes) before entering either position.
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