$DOGE USDT is approaching the level of 0.2421
After a strong push from 0.2087, the price reached the supply zone at 0.2421 with an expansion in trading volume. Now the market is at an important decision point.
What are we watching?
- A hold above 0.2421 drives momentum towards 0.2500 then 0.2550
- A rejection at 0.2421 may push the price back to 0.2247, and breaking it would bring the price back to 0.2087
Trading settings
• Buy entry: Close of a 1-hour candle above 0.2421
• Targets: 0.2500 and 0.2550
• Stop loss: Below 0.238
• Long retracement: Support at 0.2247 with a stop loss below 0.221, take profit from 0.2421 to 0.2500
• Quick rejection: At 0.2421, take profit at 0.2247, stop loss above 0.245
⚠️ Advice: After a sharp upward movement, wait for confirmations and price consolidation, and reduce position sizes to avoid sudden volatility
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