$DOGE Updated DOGE/USDT Trade Strategy đđâđŠș
Key Data:
Current Price: $0.41696 (+8.22%)
Support: $0.40956
Resistance: $0.42000
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Short-Term Indicators:
SuperTrend: Bullish with price above the green line.
Volume (SMA 9): 28.246M (Strong buying pressure).
RSI (14): 82.76 (Overbought â caution for possible pullback).
ADX: 45.07 (Indicates strong trend strength).
BB %B: 1.03 (Price near upper Bollinger Band).
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Short-Term Trade Plan:
1. Entry Point:
Buy on pullback near $0.40956 (support zone).
2. Profit Targets:
First Target: $0.42000
Second Target: $0.42900
3. Stop Loss:
Place at $0.40400 for downside protection.
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Mid-Term Trade Plan (4â8 Hours):
Breakout Buy: Above $0.42000 with confirmation.
Profit Targets:
Primary: $0.42900
Secondary: $0.43500
Stop Loss: Adjust dynamically to $0.41000 after breakout.
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Key Observations:
RSI above 80 indicates overbought conditions. Monitor for potential consolidation or correction.
High volume supports upward momentum, but a cooldown may occur.
ADX above 45 confirms strong bullish momentum.
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Actions:
1. Set Alerts:
Support: $0.40956
Resistance: $0.42000
2. Monitor RSI: Caution above 85 for potential reversal.
3. Volume Confirmation: Sustained high volume required for continuation.
Stay cautious and execute with discipline. đ #DOGE #CryptoTrading