$DOGE /USDT Trading Signal - Will Support Hold?
Current Price: $0.35013
24H Range: $0.34512 - $0.39720
Analysis:
Dogecoin faces a sharp pullback after failing to sustain above $0.39831. Price is consolidating near the 24H low of $0.34512, with EMA(7) acting as immediate resistance. A decisive move could set the direction for the next trend.
Potential Setup:
Entry Zone: $0.34800 - $0.35200
Targets:
Target 1: $0.36150
Target 2: $0.37320
Target 3: $0.38150
Stop Loss: $0.34200
Observation:
DOGE is attempting to establish a base near its critical support level at $0.34512. If it breaks above the EMA(7) at $0.35176, a recovery toward $0.37319 is possible. However, a breach below $0.34500 may signal further downside risk.
Actionable Advice:
Monitor closely for a bullish breakout above $0.35200.
Secure profits at each target and adjust stop losses to lock gains.
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