$1MBABYDOGE

/USDT technical analysis and trade strategy 🎯 🚀

1. Price Action:

Current price: 0.0044059 USDT.

24h High: 0.0047000 USDT, 24h Low: 0.0024358 USDT.

The price is currently above the 24-hour low and well within a relatively strong upward move (+76.17% in 24h). This suggests momentum is on the buyer’s side.

Trade Strategy:

Given the current bullish momentum with strong trading volume, the strategy should capitalize on the continuation of the trend while being cautious of a potential pullback.

Target Keys 🎯:

1. Target 1 - Short-Term Resistance:

Target Price: 0.0047000 USDT (24h high).

Rationale: Given the current momentum, this is a realistic short-term target, as it is the recent 24-hour high, and we might see price reaching or testing this level again.

2. Target 2 - Mid-Term Breakout:

Target Price: 0.0051000 USDT.

Rationale: This is the next key resistance level if the price breaks through the 24h high. The upward movement over the past week could push the price towards this level, especially if the trend continues and volume remains high.

3. Target 3 - Extended Rally:

Target Price: 0.0055000 USDT.

Rationale: This represents a further extension based on the strong EMA and Bollinger Band increases over the past 30 days. If momentum continues and the MACD shifts positively, the price could push towards this higher target.

Stop-Loss:

Stop-Loss Level: 0.0039000 USDT (below the recent low).

Rationale: If the price retraces significantly or if the SAR turns more bearish, we want to limit losses. A stop-loss at this level would give room for small fluctuations while protecting from larger losses.

Summary:

Entry: Buy near 0.0044000 USDT (current price).

Targets:

Target 1: 0.0047000 USDT.

Target 2: 0.0051000 USDT.

Target 3: 0.0055000 USDT.

Stop-Loss: 0.0039000 USDT.

Keep monitoring the price action and indicators closely, especially the MACD and SAR, for signs of trend shifts. Adjust targets and stop-loss levels accordingly based on market conditions.
#BURNGMT