$DOGE /USDT Technical Analysis & Trade Signal🔥🔥🚀🚀

Current Price: 0.38719

24h Change: -3.44%

24h High: 0.40192

24h Low: 0.37777

Technical Indicators:

Support Level: 0.37777 (Strong support, previously tested)

Resistance Level: 0.40192 (Recent high, potential breakout zone)

SAR (0.02, 0.2): 0.38196 (Near current price, potential reversal signal)

Momentum: The price shows a bearish trend over multiple time frames (1h, 4h, 1D). The RSI is moving towards the lower zone, indicating oversold conditions, suggesting a potential rebound if momentum shifts.

Trade Signal:

Trend: Bearish (Short-term corrections expected)

Trade Recommendation:

Sell Entry: 0.3875 - 0.3900 (Near current resistance zone)

Stop Loss: 0.4010 (Just above the recent high)

Target Levels:

Target 1: 0.37777 (Strong support)

Target 2: 0.3700 (Next potential support zone)

Target 3: 0.3600 (Lower support level)

Momentum Indicators:

MACD: Currently in a bearish crossover, confirming a short-term downtrend.

Volume: Decreasing volume suggests potential exhaustion of selling pressure.

Conclusion:

Bearish momentum dominates the market with recent price action. A short position is favorable if price tests the resistance zone around 0.3875 - 0.3900, with targets around 0.37777 and further down to 0.3600.

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