$DOGE /USDT has been in a downtrend since reaching a high of $0.39032 on December 18th. The price has declined by approximately 5.96% and is currently trading at $0.36204. The 4-hour chart shows a bearish momentum with a downward sloping trendline. The Relative Strength Index (RSI) is currently at 24.66, indicating oversold conditions.

Entry:

* Long Entry: Wait for a bullish reversal candle, such as a hammer or inverted hammer, to form at the support level of $0.34036.

* Short Entry: Consider a short position if the price breaks below the support level and the RSI falls below 20.

Take Profit Targets:

* TP1: $0.38000

* TP2: $0.39000

* TP3: $0.40000

Stop Loss:

* SL: $0.33000

Caution:

* Traders should exercise caution as the market is currently volatile.

* Monitor the price action closely for any signs of stability or a potential breakout.

* Use proper risk management techniques, such as stop-loss orders, to protect your capital.

Hashtags:

#DOGE #DOGEUSDT! #CryptoTrading #Binance #TradingSignal