Technical Analysis for $DOGE /USDT

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Current Price: 0.22703 USDT

Volume: 10.32M (low volume = less momentum)

Recent Signal: Sell signal printed near midline of the channel

Price Action: Trading near lower support of the channel

✅ Entry Point (Long Position):

Suggested Entry: 0.222 - 0.225 USDT

Price is near the lower bound of the regression channel, suggesting possible bounce

Risk-reward is favorable here

🛑 Stop Loss:

0.214 USDT

Below the lower channel line and recent wick lows

Protects from breakdown of the trend

🎯 Take Profit Targets:

TP1: 0.238 USDT (Midline of the channel)

TP2: 0.248 USDT (Upper channel resistance)

TP3: 0.258 USDT (Previous sell signal high)

📊 Reasoning:

Trend: Still in a clear ascending channel

Support: Lower channel acting as dynamic support multiple times

Volume: Decreased after heavy sell; indicating potential bounce or consolidation

Indicators: Buy signals in past consistently near current support zone

⚠️ Alert:

If price breaks below 0.214, wait for a retest and rejection before considering short.

Use small position size due to recent sideways consolidation.