Not investment advice! Educational material. Trade at your own risk.
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📊 Current data:
- Price: 0.22910 (+2.14%)
- EMA(50): 0.22771 | EMA(200): 0.22628 (golden cross potential!)
- RSI(14): 55.0 (neutral zone, there is room for growth)
- 24h volume: 113.59M DOGE – there is activity!
📌 Strategy:
1️⃣ Entry point:
- Buy on a bounce from support 0.22775 (EMA50) or a breakout at 0.23095 (local maximum).
- Confirmation: volume above average + RSI > 60.
2️⃣ Take-profit:
- 1st target: 0.23219 (max 24h).
- 2nd target: 0.23500 (psychological level).
3️⃣ Stop-loss:
- Below 0.22615 (key support).
4️⃣ Additionally:
- MACD histogram is in the negative, but converging to zero – waiting for a transition to positive.
- Bollinger Bands? If the price is at the upper boundary – secure part of the position.
📉 Risks:
- If DOGE does not hold EMA200 – a pullback to 0.22454 is possible.
- Volume decreasing? Waiting for trend confirmation.
🎯 Summary:
DOGE shows strength, but caution is needed. Use small lots and watch the volumes!
