$DOGE 1 week $DOGE Analyse Analysis:
• Current Trend: The current trend is bearish, with the price below major moving averages.
• Possible Scenarios:
• Bullish Reversal: If the price hits the support at the green moving average (around 0.1179 USDT) and shows bullish reversal patterns along with increased volume, it might bounce back.
• Bearish Continuation: If the support does not hold, the next significant support is around 0.1058 USDT.
Suggested Actions:
• For Long Positions:
• Wait for Confirmation: Wait for the price to hit and hold above the 0.1179 USDT support with bullish confirmation (e.g., hammer candlestick, bullish engulfing pattern).
• Monitor Volume: Increased buying volume at support levels is a positive sign.
• Set Stop-Loss: If entering a position, set a stop-loss below the support level (e.g., 0.115 USDT) to manage risk.
Conclusion:
The DOGE/USDT weekly chart shows a bearish trend with potential support at the green moving average (~0.1179 USDT). Monitoring for a bullish reversal at this level with confirmation from volume and candlestick patterns is advisable before entering a long position. If the support does not hold, the next significant support is around 0.1058 USDT.#doge⚡ $DOGE Please like and share this analysis if you found it helpful!