$DOGE
/USDT POTENTIAL SHORT-TERM LONG SETUP
$DOGE is currently trading at 0.13739, showing signs of a potential bounce after a sharp decline. The price has established a temporary support at the 0.13645 24h Low and is now consolidating just above this level. The price action on the 15m chart suggests the selling pressure is easing, with candles becoming smaller near the support.
Key Observation: The price is trading near the 24h Low, and a hold of this level, followed by a break above the short-term MA(7) at 0.13699, could signal a minor relief rally.
Target Points (TP)
TP1: 0.13850 (Initial target towards minor horizontal resistance)
TP2: 0.13980 (Targeting the previous small bounce area)
TP3: 0.14150 (Potential move towards the next significant resistance zone)
Stop Loss (SL)
Set a tight stop loss just below the 24h Low at 0.13590 to protect against a continuation of the downtrend.
Note: This is a counter-trend trade setup. Be mindful of the strong selling pressure that brought the price down. Use small position sizes and strict risk management.
Buy and Trade here on $DOGE
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