Alright, here’s what I’m seeing on $DOGE USDT (4H chart):
Entry Zone: 0.2280 - 0.2300
Targets: 0.2250, then 0.2200, stretch goal at 0.2150
Stop Loss: 0.2350 (don’t get wrecked)
Okay, let’s break it down. The higher timeframes look ugly for the bulls. Daily’s already off nearly 1% and, honestly, it’s just sort of lurking around the lows at 0.2278. Zooming into the 4H, it’s more of the same — lower highs, lower lows, you name it. Even when you drop down to the 1H or 15m, it’s just... boring. No juice. Just sort of hugging the bottom, shuffling around like it’s got nowhere to be.
Indicators? Not exactly painting a pretty picture either. RSI’s chilling below 50 (a.k.a., the bears are still in charge). MACD? Not even trying to fake a reversal — looks like a sad little bearish crossover. Volume’s picking up on the sell side too, especially if price dips under 0.2278. If that cracks, expect a bit of a waterfall. Not financial advice, but you get the idea.
Price action’s weak sauce. Tried to push above 0.2300, got smacked down. Resistance hanging near the 24h high at 0.2343, which feels miles away right now. Support? LOL. It’s barely holding on, and if it lets go, those targets below are looking pretty appetizing.
Oh, and don’t even get me started on market vibes. Bitcoin’s kinda snoozing in a correction, so altcoins like DOGE are getting even less love. No bounce, no nothing. Feels like a classic “short the bounce if you get it” setup. Just watch your stop, ‘cause crypto does love drama.