$DOGE COIN / TETHERUS - BULLISH OUTLOOK š
Immediate Resistance: Resistance lies around $0.20500 - $0.20600, with a stronger zone near $0.20872 - $0.21000. A break above these could confirm bullish momentum.
Immediate Support: Strong support is at $0.20000, with a more significant support zone around $0.19000.
Trade Setup (LONG):
Given the bounce from the lower trendline of the green ascending channel and current consolidation above $0.20000, a bullish setup may be forming.
Entry: Watch for a clean break and hold above $0.20300, or look for a bullish rejection after a retest of $0.20000.
Targets (TP):
TP1: $0.20872
TP2: $0.21000
Stop Loss (SL): A good level for a stop loss is around $0.19930, just below the immediate support zone.
Risk Management:
Use appropriate position sizing based on your capital. Risk no more than 1-2% of your account per trade. Monitor broader crypto market sentiment and news for volatility triggers. šš
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