🚀 $DOGE /USDT Technical Analysis & Trade Signal: Bullish Bounce or Bearish Breakdown?
Current Price: $0.38328
Key Levels to Watch:
Support Level 1: $0.37516 (24h low)
Support Level 2: $0.36800
Resistance Level 1: $0.38981 (24h high)
Resistance Level 2: $0.39400
Technical Indicators:
RSI (14): 40 (Mild Bearish Momentum)
MACD: Below Signal Line (Bearish Momentum)
50 EMA: Below current price (Bearish Bias)
Trade Signal:
1. Entry: Watch for a bounce near $0.37516, and enter a long position with confirmation.
2. Target Levels:
T1: $0.38900 (Near resistance)
T2: $0.39400 (Major resistance)
T3: $0.40000 (Psychological resistance)
3. Stop-Loss: Set at $0.37400 (below support)
Momentum Insight:
A break above $0.38981 could signal a bullish reversal, with targets aiming higher.
A fall below $0.37516 could trigger a bearish breakdown, signaling further downside.
Trade carefully and manage risk to seize the right opportunities!