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📈 Advanced technical analysis of DOGE on the 4-hour timeframe, focused on the level of 0.17 USDT 📈

1. Support and Resistance Analysis
- The level of 0.1730 USDT is a relevant psychological and technical zone. If the price approaches this level, it is important to observe whether it acts as support (stopping declines) or resistance (stopping rises).
- Review the candle history on 4H: if there are multiple rejections or bounces at 0.1730, this reinforces its importance.

2. Key Technical Indicators
- RSI (Relative Strength Index): An RSI close to 30 may indicate oversold conditions, while values near 70 suggest overbought conditions. Watch if the RSI on 4H is at extreme levels when approaching 0.1730.
- Moving Averages (EMA/SMA): If the 50 or 200 period EMA is near 0.1730, it may reinforce the zone as support/resistance. Crosses of moving averages can also signal trend changes.
- Volume: An increase in volume in the 0.1730 area may indicate institutional interest or large traders.

3. Price Action and Patterns
- Look for candle patterns such as hammers, bullish/bearish engulfing, or doji near 0.1730, as they may anticipate a change in direction.
- Observe the formation of channels, triangles, or sideways ranges on the 4H timeframe. A breakout with volume at 0.1730 can be significant.

Remember: Technical analysis does not guarantee results and it is always advisable to complement it with appropriate risk management. If you need tools for charting or analyzing on Binance, you can use TradingView integrated into the platform. $DOGE

#DOGE #Dogecoin‬⁩ #AnfeliaInvestment