$DOGE Testing Key Support – Breakout Setup or Early Rejection?
DOGE/USDT is trading at $0.18095, showing a +4% intraday gain. Price is now pulling back after testing resistance near $0.18400, with short-term support holding around the $0.18060 zone. The next move could define the direction for the rest of the session.
Key Levels to Watch:
• Resistance: $0.18260 – A breakout above this may lead to $0.18478 and $0.18800.
• Support: $0.18060 – Losing this level could trigger a drop to $0.17840 and $0.17600.
Trade Setup – Consolidation Before a Move
Bullish Scenario:
• Entry: On a confirmed breakout above $0.18260
• TP1: $0.18478
• TP2: $0.18800
Bearish Scenario:
• Entry: On a breakdown below $0.18060
• TP1: $0.17840
• TP2: $0.17600
Stop-Loss: Place stops just outside breakout or breakdown zones to avoid being caught in a fake move.