$DOGE /USDT 4H Trade Setup
š Market Insight:
$DOGE has retraced -5.16% after reaching a high of 0.28767. Price is now hovering near the 0.264 support zone and slightly below the 7 and 25-period MAs. However, it's still above the 99 MA, indicating the broader trend is intact, and the dip could offer a re-entry opportunity if support holds.
šÆ Entry Zone:
0.259 ā 0.265
(Watch for bounce confirmation above 0.257)
š„ Targets:
Target 1: 0.269
Target 2: 0.279
Target 3: 0.289
š Stop Loss:
Below 0.249
š Key Levels:
Support: 0.257 / 0.249 / 0.239
Resistance: 0.269 / 0.279 / 0.287 ā 0.289
Pivot Level: 0.2645 (current midpoint support)
š” Pro Tip:
Volume is cooling down slightly but remains high (~562M), indicating speculative interest. For higher probability trades, wait for a bullish engulfing candle or a reclaim of the 0.2658 (MA7) with volume above MA(10) to confirm reversal momentum.
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