$DOGE
USDT BULLISH REVERSAL – DOGE READY TO PUMP HIGHER 🚀
Dogecoin has shown a strong bullish engulfing rally breaking the previous downtrend structure and is now consolidating for the next move. The market is holding above the breakout zone, indicating potential continuation upside.
🔑 Key Levels:
Support: 0.16717 – 0.16868
Resistance: 0.17200 (minor), Major: 0.17619
Current Price: 0.16947
🎯 Trade Setup (Long):
Entry Zone: 0.16900 – 0.17000
Take Profit: 0.17619
Stop Loss: 0.16709
📈 Market Outlook: After breaking out of the descending channel, DOGE has shown high buying momentum with volume confirmation. The price is now retesting support for continuation. If the support holds above 0.16868, bullish momentum towards 0.17619 remains strong.
⚠️ Risk Management: Trade with a fixed SL below support (0.16709). Risk only 1-2% of capital per trade to protect against sudden volatility.
💡 Comment 🚀 if you’re ready to ride this DOGE wave!
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buy and trade here on $DOGE