#دوجكوين Under Pressure... Is it Time for Smart Buying?
Dogecoin ($DOGE ) continues its sharp decline, recording a drop of -7.64% over the past 24 hours, settling at $0.14742, after touching a new low of $0.14526. Does this drop indicate a strong speculative entry opportunity or the beginning of a deeper collapse?
Technical Analysis for DOGE/USDT:
Highest Price in 24 Hours: $0.16099
Lowest Price Today: $0.14526
RSI (6): at 20.25 → in a severe oversold area 🔻
Bollinger Bands: the price broke the lower limit ($0.14795) and shows a clear price rejection.
MACD: negative but the crossover is close to zero with a potential start of a decline in selling momentum.
Trading Volume: very high (315 million DOGE), indicating potential sharp movements ahead.
Suitable Trading Strategy (Scalp/Swing):
Speculative Entry Scenario on a Bounce:
Entry Point: between $0.145 – $0.148
First Target (TP1): $0.154
Second Target (TP2): $0.160
Stop Loss (SL): break of $0.143 with a confirming candle.
This trade relies on the clear oversold condition and the price's rejection to drop below $0.145.
Risk Warning:
Do not enter with all your capital; divide the trade into two parts.
Dogecoin is a speculative asset that responds quickly to media and news, follow important news and tweets.
The overall market is volatile, make sure to monitor Bitcoin's performance.
Do you think that #DOGE will soon return above $0.16, or is this just the beginning of a deeper downtrend? Share your analysis 👇