The $DOGE /USDT pair on the 15-minute chart is currently trading around 0.16417, showing a strong upward momentum with an increase of nearly 10% over the last 24 hours. The 24-hour high for DOGE is 0.16657, while the low stands at 0.14941, indicating a significant range. The MACD shows a bullish crossover, and the RSI is elevated at approximately 74, suggesting strong buying pressure but nearing overbought territory.
For a trade setup:
Resistance is set at 0.16657, the recent high, which will be crucial for further upward movement.
Support is identified at 0.16187, providing a buffer below the current level.
Buy Entry is recommended above 0.16450 if bullish momentum persists.
Take Profit (TP) Targets:
TP1: 0.16550
TP2: 0.16600
TP3: 0.16700
Stop Loss (SL): Place at 0.16050 to manage risk in case of a reversal.
This setup is designed to capture incremental gains while being mindful of the overbought RSI level, which could lead to short-term pullbacks. Keep an eye on volume changes and broader market sentiment, as these factors could impact price action in the immediate term.
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