Target Achieved! 🎯
Trading Pair: $DOGE /USDT
Current Price: $0.32562 (+12.93%)
Dogecoin has experienced a strong upward move, consolidating after testing key levels. Here's the breakdown:
Key Levels:
1. Target 1 (Achieved): $0.33500
Tested resistance, followed by a retracement.
2. Target 2 (Next Up): $0.35000
Key resistance zone near the 24-hour high. Breakout here could signal further bullish momentum.
3. Target 3 (Final Resistance): $0.36500
Significant resistance, marking a new short-term high.
Action Plan:
Short-Term Traders: Consider partial profit booking near $0.33500 while monitoring for a breakout.
Long-Term Investors: Maintain positions but trail stop-loss to lock in gains.
Technical Indicators:
Support Zone: $0.32000
Resistance Zone: $0.35000-$0.36500
Dogecoin is showing bullish signs, but the retracement around $0.33500 suggests caution. A breakout above $0.35000 could push it to $0.36500. Below $0.32000, we may see further corrections.