DOGE/USD Conclusion:

The current chart indicates a strong bearish sentiment with the price below all key EMAs, significant negative MACD, and oversold conditions in the RSI and Williams %R. The continued selling pressure and lack of reversal signals suggest that the downtrend may continue in the short term.

Potential Strategy:

• Monitor for Reversal Signals: Look for signs of reversal such as a bullish candlestick pattern, convergence of MACD, or RSI starting to turn upward from the oversold region.

• Support Levels: Key support levels to watch would be the previous lows around 0.11987 USD. If the price approaches these levels, it might present an opportunity for a potential bounce.

• Wait for Confirmation: Entering a long position should be considered only after confirmation of a reversal, such as a strong green candle with significant volume, or when the price starts to move back above the short-term EMAs.

Given the current indicators, it seems prudent to wait for clear signs of a reversal before entering a long position, as the downtrend appears to still be in effect.#doge⚡ $DOGE