🚨🔥 DOGE/USDT ALERT: ON THE VERGE OF A BREAKOUT OR PULLBACK! 🔥🚨 Time Frame: 1-hour chart
Overview: DOGE/USDT has shown substantial upward momentum, surging nearly 30% in the last 24 hours and currently hovering around the $0.26439 mark. The coin recently touched a high of $0.27000 before facing slight resistance. This upward spike indicates strong bullish momentum, but traders should be cautious about potential retracements or pullbacks.
Current Price: $0.26439
Entry Price for Trades: $0.26500 (for bullish entries)
💡 Critical Levels to Watch:
Resistance Level: $0.27000 – This is the key level DOGE needs to break for further upward momentum.
Support Level: $0.24815 – If DOGE retraces, this is the primary support that must hold to prevent deeper losses.
📈 Take-Profit Targets:
1. Target 1: $0.27500
2. Target 2: $0.28500
3. Target 3: $0.30000
🔻 Stop Loss Level: $0.24800 – Placing a stop here will help mitigate risk in case of a bearish turn.
⚠️ Cautionary Note: Traders should watch for signs of stability or an impending breakout above $0.27000. Any failure to break this level could result in a consolidation phase or a possible pullback toward the support level. Maintain a close eye on volume for confirmation of a breakout or potential reversal. Stay vigilant!
