📌 Entry area (buy low):

🔹 0.1700 - 0.1730

🎯 Targets (in case of rebound):

✅ First target: 0.1755

✅ Second target: 0.1785

✅ Third target: 0.1815

🛑 Stop loss:

🔻 0.1670

$DOGE

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📊 Technical analysis:

🔸 The price is in a downward trend over the past 24 hours after rebounding from the peak at 0.18447.

🔸 RSI (6) = 44.05: Near the oversold zone, indicating a possible upcoming bullish reversal.

🔸 MACD = 0.00002: Indicates a slight positive crossover, but momentum is still weak.

🔸 Stochastic indicator K = 33.23 and D = 27.11: Signal of a potential upcoming bullish crossover.

🔸 Current lowest support = 0.1670: Should be monitored as a strong area for any rebound.

💡 Confirmation of upward movement:

If the price can break the 0.1755 level with a strong candlestick close on the hourly timeframe, we may see a move towards 0.1815 again.

$DOGE

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📢 Risk management:

✔️ Take partial profits at each target and gradually move the stop loss.

✔️ Losing support at 0.1670 indicates weak momentum and a return to the downward trend.

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My opinion:

The currency is currently in a corrective phase, with slight technical signals hinting at a potential rebound. Short-term traders can exploit current entry levels, but caution is advised while waiting for confirmation of upward movement through breaking resistance at 0.1755.

$DOGE

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#DOGE