is on a strong rally, showing strong bullish momentum! Currently trading at 0.41289, the coin has soared over 43% in the last 24 hours. The price action is showing a parabolic rise, with buyers pushing aggressively higher, marking this as a high momentum setup.
📈 Trading setup:
Entry price: around 0.41289 (current price) or on minor pullbacks, if any.
💡 Critical levels to monitor:
Resistance: 0.43858 is a significant level; a break above could signal another sharp move higher.
Support: 0.34775 – A drop here could attract more buyers. Holding above this level is critical to maintaining the bullish momentum.
🎯 Whole take-profit:
1. TP1: 0.45200 – close to recent highs; this is a moderate target for taking profits.
2. TP2: 0.47500 – If the momentum continues, expect DOGE to test this level.
3. TP3: 0.50000 – a psychological level that can cause a strong market reaction.
📉 Stop loss:
Set at 0.34000 to manage risk if the trend reverses, especially if support fails to hold.
⚠️ Warning:
Traders should watch for signs of stability or a potential breakout above resistance. A sudden spike in volume at resistance could indicate either a strong breakout or large sell orders. Watch closely as volatility is high!
This setting offers opportunity, but be alert to any sudden changes in momentum.