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#DOGE – Descending Channel Setup (Updated)

Current price: ≈ $0.20 USDT

#DOGE remains inside a descending channel on the 4H chart, repeatedly bouncing between the support and resistance trendlines. A breakout beyond the channel could trigger a bullish move.

📊 Technical Overview

Structure: Descending channel
Volume: Low to decreasing, hinting at a squeeze
RSI: Neutral (~50)
Support: $0.19 (recent lows)
Resistance: $0.205 (upper channel line)

🎯 LONG Setup (Breakout Play) Entry: $0.202
Take Profit (TP): $0.22
Stop Loss (SL): $0.19
Risk/Reward: ~1:2

🚨 Confirmation: Break and close above $0.205 with volume could open path to $0.22–0.23.

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#DOGE #CryptoSignals #TechnicalAnalysis