🚀 $DOGE Idea (1-Hour Chart) 🚀

▶️ Entry Zone: 0.10427 (Current price)

🛑 Stop Loss: 0.10025 (24h Low)

🎯 Take Profit 1: 0.10581 (Recent high)

🎯 Take Profit 2: 0.10623 (Next resistance level)

📊 Analysis:

* Price has recently crossed above the 50 EMA, indicating potential bullish momentum.

* Recent price action shows a significant bounce from the 0.10025 level, suggesting strong support at this level.

* RSI(14) at 56.61285 indicates slightly bullish momentum but still below overbought levels, leaving room for further upside.

* The MACD is near the zero line, with the histogram slightly positive, suggesting the start of bullish momentum but with caution as it’s not yet fully developed.

The current setup indicates a potential continuation of the uptrend if the price can maintain above the 50 EMA. Watch for a breakout above the recent high to confirm the bullish move.

⚠️ Caution:

* The price needs to stay above the 50 EMA to maintain the bullish outlook.

* Consider smaller position sizes until there is a clearer breakout above the recent high.

* Use a tight stop-loss to protect against a sudden reversal, particularly if the price falls back below the 50 EMA.

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