$DOGE

$DOGE

### **Micro Technical Analysis:**

1. **Price Action:**
- Current Price: $0.12264 (slightly declining at -0.92%)
- There was a recent attempt to break higher towards $0.13, but it faced resistance and pulled back.

2. **Moving Averages:**
- **MA(7):** $0.12498 (above the current price, indicating a short-term bearish trend)
- **MA(25):** $0.11716 (acting as intermediate support)
- **MA(99):** $0.11101 (long-term support; the price remains above this, suggesting the broader uptrend is intact)

3. **Volume:**
- Recent volume spikes suggest that there was a strong bullish attempt, but it's now declining, signaling that the buying momentum has weakened.

4. **RSI (6):** 53.86
- RSI near the 50 mark suggests neutral momentum, meaning the market could swing in either direction.

5. **MACD:**
- MACD (0.00034) and Signal Line (0.00308) are both positive, but a bearish crossover seems to be forming, indicating potential downside in the short term.

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### **Strategy Recommendation:**

#### **Scenario A: Bullish Case (Long Entry)**
- **Entry:** If the price breaks back above the **MA(7)** at $0.12500 and holds, it could signify renewed bullish momentum.
- **Target Price (TP):** $0.13000 (previous resistance)
- **Stop-Loss (SL):** Place an SL below **MA(25)** at $0.11700 to minimize risk.
- **Duration:** Short to medium term (1-2 days) depending on how strong the momentum is.

#### **Scenario B: Bearish Case (Short Entry)**
- **Entry:** If the price breaks below **MA(25)** ($0.11700), it could trigger a downward move towards the **MA(99)** at $0.11100.
- **Target Price (TP):** $0.11150 (just above MA(99), which acts as strong support)
- **Stop-Loss (SL):** Place an SL at $0.12500 (above MA(7), where resistance lies).
- **Duration:** Short-term trade (within hours to a day).

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### **Contingency Plans:**

#### **Plan C: Signals Gone Against You (For Long Position)**
- If you enter a long position and the price drops below **$0.12000**, consider exiting early. You could also hedge with a small short position to mitigate losses.

#### **Plan D: Signals Gone Against You (For Short Position)**
- If you short and the price rises above **$0.12500**, exit the position to avoid further loss. You may want to re-enter only if the price breaks below the support at **$0.11700**.

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### **Summary:**
- A **long position** is recommended if the price reclaims **$0.12500** with a target near **$0.13000**.
- A **short position** is viable if the price breaks below **$0.11700** with a target near **$0.11100**.
- Be cautious of weakening volume and MACD signals, and set tight stop-losses to manage risks.
***DYOR***
THIS IS IN NOT FINANCIAL ADVISE CONDUCT UR OWN RESEARCH