And just like that, the level on $ARB has finally been brok | E L E N on Binance Square

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And just like that, the level on $ARB  has finally been broken! 🎉
As I mentioned before, the more a level gets tested, the less resistance it offers. 💪
A straightforward setup! 

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+3.81%

253

0

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$DOGE /USDT - Bullish Continuation Direction: DOGE has experienced a notable upward movement, climbing from $0.23 to $0.24 in a 23-hour period ending August 13, marking a 6.5% gain. Support: Key support levels are observed at $0.23 and $0.24, with the latter holding firm during late-session tests. Resistance: Resistance levels are identified at $0.2382 (0.5 Fibonacci retracement) and $0.2499 (0.618 Fibonacci retracement). 🔢 Fibonacci Levels: Retracement Analysis Retracement Status: DOGE is currently testing the 0.5 and 0.618 Fibonacci retracement levels between $0.2382 and $0.2499. Price Zones: Support Zone: $0.2266 (0.382 Fib) and $0.212 (0.236 Fib). Resistance Zone: $0.2382 (0.5 Fib) and $0.2499 (0.618 Fib). 📊 RSI: Neutral (53.13) Interpretation: The Relative Strength Index (RSI) is at 53.13, indicating a neutral market sentiment with no immediate overbought or oversold conditions. 🎯 Entry Zones Safer Entry: Consider entering near the $0.23 support level, with confirmation of price holding above this zone. Aggressive Entry: A breakout above $0.2499 (0.618 Fib resistance) could signal a more aggressive entry point. 💰 Take-Profit Zones TP1: Target around $0.2668, aligning with the 0.618 Fibonacci extension level. TP2: Consider $0.30 as a secondary target, where the 200-day moving average and psychological resistance converge. 🚫 Stop-Loss Ideas Conservative Stop-Loss: Place a stop-loss below $0.212 to account for deeper retracements. Tight Stop-Loss: Set a stop-loss just below $0.23 to minimize risk in case of a breakdown below the support level. DOGE is exhibiting bullish momentum, supported by strong institutional interest and technical indicators such as a golden cross formation. Key support levels at $0.23 and $0.24 provide a solid foundation for potential upward movement. Monitoring the 0.5 and 0.618 Fibonacci retracement levels will be crucial for assessing the continuation of the bullish trend.

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