$DOGE /USDT Technical Analysis
DOGE is currently showing bearish momentum but has potential for a recovery in the short term based on key support and resistance levels.
Indicator Analysis:
SAR (0.02, 0.2): $0.39070 – Above the current price, indicating bearish pressure.
Support Level: $0.38000
Resistance Level: $0.41000
RSI: Near the oversold zone, signaling a potential reversal.
MACD: Bearish but close to a potential crossover.
Trade Signal for DOGE/USDT:
Entry Point:
Between $0.38200 and $0.38500 (near strong support).
Targets 🎯:
1. Target 1: $0.39500
2. Target 2: $0.40500
3. Target 3: $0.42000
Stop Loss:
$0.37500 (to limit losses if support breaks).
Trade Momentum:
Short-Term Trend: Bearish
Mid-Term Momentum: Recovery possible
Long-Term Trend: Neutral
Strategy Suggestions:
Scalpers: Aim for small profits with quick trades in lower timeframes.
Swing Traders: Allow price to stabilize around $0.38000 and target $0.40500.
Risk Level: Low to Moderate