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dharztrend
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$DOGE
Trend is your friend trade update
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$DOGE Hold the balls
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Hold your balls
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hold
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$DOGE Ready to buy
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This is a 1-hour candlestick chart of DOGE/USDT (Perpetual) on Binance, showing price movements along with technical indicators. Key Observations: Price Action: The current price is $0.18997, down 5.73% for the session. The highest price in the last 24 hours was $0.20199, and the lowest was $0.18888. Price recently peaked at $0.20574 before trending downward. Moving Averages (MAs): MA(7) = 0.194294 (Yellow): Short-term trend, currently sloping downward. MA(25) = 0.195671 (Pink): Medium-term trend, also turning bearish. MA(99) = 0.186522 (Purple): Long-term support, still trending upward but could be tested soon. Support & Resistance Levels: Resistance at $0.20768 & $0.19914: These were previous highs where price faced selling pressure. Current Support at $0.18997: Price is testing this level, which, if broken, may drop to $0.18206 or $0.17352. Major support at $0.16693, a key historical level. Relative Strength Index (RSI 6) = 17.27 (Oversold Zone): An RSI below 30 suggests the asset is oversold and may bounce back. At 17.27, DOGE is extremely oversold, increasing the possibility of a short-term rebound. MACD (Moving Average Convergence Divergence): DIF = -0.000502, DEA = 0.000321, and MACD = -0.000823. MACD is negative, indicating a bearish momentum. The histogram shows red bars, meaning selling pressure is still dominant. Possible Trading Strategies: For Short-Term Traders: If price breaks below $0.189, next support is $0.182 and $0.173. Wait for a bullish RSI crossover before entering long positions. Consider a breakout trade above $0.195 if volume increases. For Long-Term Investors: Price is approaching MA(99) support at $0.186; a bounce is possible. RSI indicates potential reversal if buyers step in. Conclusion: Bearish short-term trend but in an oversold condition. Watch the $0.189 level—if it holds, we may see a bounce. If selling continues, $0.182 or $0.17352 could be next targets.
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