๐น Current situation (Technical data):
๐ธ Current price: 0.2170 ๐ต
๐ธ Price is above the middle Bollinger band (0.2117) โ Short-term trend is bullish โ
๐ธ Breaking the upper limit = Buying power ๐ but โ ๏ธ Signal of potential overbought
๐ MACD Indicator:
๐ข Histogram is positive โ Signs of a strong bullish reversal
๐ป But DIF is still below DEA โ Signal of continued weak bearish momentum
๐ช RSI Indicator:
๐ RSI(6) = 72.6 โ Strong overbought ๐ฅ
๐ RSI(14) = 56.8 โ Neutral leaning bullish
๐ RSI(24) = 49.7 โ Slight weakness in the long term
โก STOCHRSI = 100 โ Strongest possible overbought signal โ Often preceded by a short-term drop โฌ๏ธ
๐ Volume:
Decline in trading volume โ Current rise is weak momentum ๐
๐ฏ Strategic recommendation for day trading:
๐ Scenario one: Speculative sell (HIGH RISK)
๐ช Entry: 0.2175
๐ Stop loss: 0.2185
๐ฏ Targets:
0.2117 โ
0.2100 โ
0.2073 โ
โ๏ธ Risk/Reward ratio = 1 : 5.7 Excellent
๐ Scenario two: Buy after correction (LOW RISK)
๐ช Entry at: 0.2117 โ 0.2073
๐ Stop loss: Below 0.2070
๐ฏ Targets: 0.2161 โ 0.218+
โ ๏ธ Important alert:
๐ซ Do not enter buy now โ Overbought is dangerous.
๐ Instant selling is possible but requires speed and experience.
โณ Waiting to buy from stronger support areas is the safe solution.
๐ฐ Watch the news as it may reverse the trend immediately.
๐ Final takeaway:
โ๏ธ Now is not the time to buy
โ๏ธ Two options: Quick instant sell or wait for a correction then smart buy
โ๏ธ Successful trading = Risk management + Patience + Discipline
โโโโโโโโโโโโโโโโโโโ
๐ #Dogecoinโฌโฉ #MarketPullback #MarketPullback #MarketPullback #Binance
