$DOGE /USDT Here's a breakdown of the current trading conditions and a potential short-term trade setup based on the data:
DOGE/USDT Overview (as of May 9, 2025)
Current Price: $0.20474 (+7.32%)
24h High: $0.21450
24h Low: $0.18942
24h Volume:
DOGE: 2.41B
USDT: 486.93M (strong liquidity)
Recent Candle Data (Depth Snapshot):
Price Cluster: $0.20603 to $0.20355
Strong price gravitation around MA60: $0.20507
Recent volume: 79,119 DOGE
MA(5): 272,881 | MA(10): 315,807
Technical Bias & Trade Setup (Short-Term)
Structure:
Trend: Bullish breakout in progress
Price is hovering near MA60 (0.20507) — this often acts as a decision point
Scalp-to-Intraday Play:
Entry Zone: $0.2035–$0.2050
Enter on pullback into moving average support
Stop Loss: Below $0.2000
TP1: $0.2100
TP2: $0.2145 (24h High)
TP3: $0.2200+ if momentum continues
Volume Confirmation:
Look for breakout volume to exceed 300K–400K DOGE on 15m/1h candles
If volume declines near resistance, consider partial exit or tighter stop
Would you like a visual trade plan/chart or alerts setup to monitor continuation or reversal at these levels?
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