1-hour techincal analysis for DOGE/USDT based on chart:
- Price at 0.22455, below EMA(5) 0.22755 and EMA(10) 0.22824, showing bearish momentum.
- RSI(6) around 23.5 is oversold, signaling a potential short-term bounce.
- StochRSI near 78 is high but turning down, indicating weakening bullish momentum.
- MACD is near zero but slightly positive, so momentum is neutral to slightly bullish.
Trade advice:
- Expect possible minor bounce but overall pressure
- Take Profit (TP): 0.230 - 0.235 zone if rebound happens.
- Stop Loss (SL): 0.220 to manage downside risk.
Wait for confirmation on volume and price action before entering.
Lets do trade as per the above mentioned trade plan by clicking the chart, I do hope you will be successful.
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