🚨 $DOGE /USDT ALERT: Approaching Key Support After Sharp Decline! 🚨
DOGE is trading at $0.40217, down 14.49% in the past 24 hours. After reaching a high of $0.47279, the price has faced significant selling pressure, dropping to a low of $0.39951. This sharp decline is testing critical support levels.
Trade Setup:
Entry Price: $0.40200 for potential recovery or wait for confirmation of further decline.
Key Levels to Watch:
Resistance: $0.41600 – A recovery above this level could indicate a bounce back toward higher targets.
Support: $0.40000 – A breakdown below this level may trigger a deeper sell-off.
Take-Profit Targets:
Target 1: $0.41000
Target 2: $0.42000
Target 3: $0.43000
Stop Loss: $0.39500 (to limit downside risk)
⚠️ Caution:
Watch for increased volume at $0.40000 to confirm whether support holds or breaks.
A failure to hold $0.40000 could lead to a slide toward $0.38000 or lower.
Tight risk management is recommended given the current volatility.
