$1MBABYDOGE Let's do a detailed analysis with entry and exit strategies on the charts sent, let's consider some basic indicators:
1. MACD:
• The MACD is showing signs of weakness, with a decreasing histogram and MACD and signal lines below the zero line. This indicates a downtrend.
• An entry would be safer when observing the reversal of the MACD lines crossing upwards.
2. RSI (Relative Strength Index):
• The RSI ranges between 39 and 41 in different periods, showing that the asset is close to the oversold zone.
• Strategy: Buy when the RSI rises again above 40 after touching lower levels (<span Parabolic SAR:
• The SAR dots are above the candles, indicating a current downtrend.
• Strategy: Enter when the SAR dots move below the candles, suggesting a bullish reversal.
4. Volume (OBV):
• Volume is declining, indicating low buying pressure.
• Waiting for an increase in volume is important to confirm the strength of the trend.
5. Moving Averages (MA):
• The 200 MM is above the price, indicating a bearish trend in the medium/long term.
• Strategy: Enter only if the price breaks above the shorter MMs (such as the 20 MM and 50 MM).
Entry and Exit Strategies
• Long Entry (Buy):
• Confirm trend reversal with:
• Crossing of the faster averages (8 MM and 20 MM) above the 50 MM.
• RSI above 50 and positive MACD histogram.
• Suggested entry: Near 0.0025605 (support), with a stop below this level. • Long Exit (Sell):
• Target at resistance near 0.003058 or 0.003431 (horizontal lines marked).
• Short Entry (Sell):
• If the support at 0.0025605 is broken with high volume, short entry.
• Target: 0.002450.