The $DOGE /USDT pair has been on a strong bullish run in recent days, with the price surging above key resistance levels. The current chart pattern suggests that the bullish momentum may continue in the short term.
Key Support and Resistance Levels
Strong Support: 0.20253 (20-day Bollinger Band Middle Band)
Immediate Support: 0.20101 (24-hour low)
Resistance: 0.23275 (24-hour high)
Potential Resistance: 0.23720
Entry Signal
A potential long entry signal could be triggered if the price breaks above the 24-hour high of 0.23275, confirming a bullish breakout and potentially leading to a move towards the 20-day Bollinger Band Upper Band at 0.22417.
Trading Strategy
Conservative Traders: Wait for a clear break above 0.23275 before entering a long position.
Aggressive Traders: Consider a partial position entry at the current price, with the potential for adding to the position on a break above 0.23275.
Risk Management
Always implement a strict stop-loss order below the recent swing low to limit potential losses. A trailing stop-loss can be used to protect profits as the price moves in your favor.#BTC79K #BIOProtocol #FedRateStrategy #EthereumRally #wrtietoearn
