$DOGE /USDT Technical Analysis Report
Current Price: $0.12459
Resistance: $0.13878
Support:$0.12010
Breakout Possibilities:
Long Trade:
- Entry Point:Enter above $0.13878 with a confirmed breakout. A confirmed breakout means a candle closes above the resistance level, indicating strong buying pressure.
- Details:Look for a sustained increase in volume to validate the breakout. If the price closes above $0.13878 and the volume is significantly higher than the average, it suggests a strong bullish trend. Set a stop loss just below the resistance level to minimize risk.
Short Trade:
- Entry Point:Enter below $0.12010 with a confirmed breakdown. A confirmed breakdown means a candle closes below the support level, indicating strong selling pressure.
- Details:Monitor the volume to ensure it is high enough to support the downward movement. If the price closes below $0.12010 and the volume is higher than usual, it indicates a bearish trend. Set a stop loss just above the support level to limit potential losses.
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