🧵 $DOGE : Is DOGEUSDT getting ready to jump towards 0.24?
DOGE 8H – Bounce from critical daily support
📉 Current price: $0.1992
📊 Daily change: -3.08%
🔁 Pair: DOGEUSDT (perpetual)
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🔹 Structure and technical levels
- The price touched the daily support DS1 at $0.198 and began to show a positive reaction.
- The weekly resistance WR1 is near $0.23, which is the next potential target.
- The range between $0.23 and $0.24 may pose a challenge before a breakout.
- Moving averages indicate the beginning of bullish momentum on the weekly timeframe.
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🔹 Momentum check
- The RSI is at 42, indicating a proximity to the oversold area.
- The MACD shows a potential bullish crossover in the next 24 hours.
- Trading volume increased by 18%, enhancing the likelihood of a bounce.
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🔹 Trading scenarios
| Scenario | Description | Potential target |
|------------|----------------------------|---------------------|
| ✅ Bounce from DS1 | Attempt to break WR1 | $0.23–$0.24 |
| ⚠️ Break of support | Drop towards $0.185 | $0.185–$0.175 |
| 🔄 Consolidation | Sideways movement | $0.195–$0.205 |
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🔹 Trading idea
- Open a long position from the current support with a stop loss below $0.190 = Calculated risk.
- Confirmation of the bullish trend is a clear breakout above $0.23 with strong trading volume.
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📌 Price movement indicates a potential bullish trend over the coming months
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