🚨 Dogecoin Breakout or Breakdown? 🚨
Dogecoin ($DOGE) is seeing some action as it approaches a critical support level. The 15-minute chart shows consolidation with the price hovering around $0.227.
👀 What to Watch For:
Support: $0.227
Resistance: $0.229 (currently being tested)
Trend: The price is trapped between the short-term moving averages, signaling uncertainty.
If DOGE breaks above $0.229, expect a potential bullish move! But if it fails to hold $0.227, further downside could be in the cards.
⚠️ Investment Advice:
Watch for a break of resistance to go long.
Consider cutting losses if price falls below $0.227.
Stay sharp! 📉📈
