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convert to a stable coin and make a research before investing it again
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$DOGE 1. Order Block Significance: The marked 4-hour order block is a critical area where institutional buyers or sellers may have been active. The price bounced off this zone, indicating it is acting as strong support. If the price re-tests this area and holds, it could signal a higher probability of upward momentum. 2. Volume Analysis: A spike in volume during the sell-off suggests aggressive selling. However, the subsequent lower volume indicates reduced bearish momentum. This can imply either exhaustion from sellers or hesitation from buyers to push higher. 3. EMA Convergence: The 20 EMA is slightly starting to curve upward. If it crosses the 50 EMA from below, it will indicate a bullish shift in the short term. Watch for a "golden cross" for confirmation. 4. MACD Momentum Shift: The bullish crossover on the MACD is positive but not yet strong. You should monitor if the histogram continues to rise or if the lines begin to diverge more, signaling increasing bullish strength. 5. RSI Trend: The RSI's recovery to the 53 level suggests bullish momentum is slowly building. If RSI continues rising and approaches 70, it will further confirm buying pressure. --- Likely Market Scenarios: 1. Bullish Scenario: If the price holds above the 4-hour order block and breaks above the 20 EMA, it could head toward the next resistance at 0.32 or 0.34. Look for a retest of the broken EMA level or resistance zone for confirmation before entering a long position. 2. Bearish Scenario: If the price fails to break above the 20 EMA and starts forming lower highs, it could revisit the 4-hour order block. A break below this block would confirm continued bearish momentum, with a possible drop to 0.28 or lower. --- Suggested Approach: Entry: Wait for confirmation near the 20 EMA or a clear breakout of the resistance zone. Stop-Loss: Place a stop below the 4-hour order block (e.g., below 0.29). Take-Profit Targets: First target: 0.32 Second target: 0.34
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$BTC Is correction over?
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#MarketCorrectionBuyOrHODL $DOGE seems to be picking up
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is gate.io a dapp
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will be buying big soon
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