DOGE Currency Analysis
According to the image and technical analysis indicators:
The technical indicators indicate the following:
- *RSI = 32* ➜ Close to the oversold area (30), meaning the price may be close to a bullish rebound.
- *KDJ (K = 21.6)* ➜ In the oversold area, which also supports the possibility of an upward movement.
- *MACD is negative but crossover is near* ➜ We may witness a positive crossover soon if volumes improve.
- *OBV is very low* ➜ Weak momentum currently.
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Proposed entry points (short speculation):
1. *First Entry*: If the price touches *0.1650 - 0.1640* while RSI remains below 30 ➜ A good opportunity for a rebound.
2. *Confirmed Entry*: After breaking the resistance of *0.1695 - 0.1700* with a strong green candle + increase in volume.
3. *Stop Loss*: Below *0.1630*
4. *First Target*: 0.1720
*Second Target*: 0.1750
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Advice:
Watch the next hourly candles — if a reversal candle appears (like *Hammer* or *Bullish Engulfing*) with a slight increase in volume, this is a good confirmation for entry.
