$DOGE DOGEUSDT: Strong Bullish Reversal Setup - 4h Timeframe
Technical Analysis:
· Price is bouncing firmly from a key support level near $0.2600, forming a potential double bottom pattern.
· This bounce is accompanied by a significant surge in buying volume, confirming strength behind the move.
· The RSI has exited the oversold region and is turning upward, indicating building bullish momentum.
· The price is aiming to break above the local resistance for a run toward higher targets.
Bullish Signal: 🎯Entry Zone: $0.2765 - $0.2800 🎯Take Profit: $0.3100** (Next major resistance) 🎯**Stop Loss: $0.2600 (Below key support)
Reasoning: The strong rejection from the$0.260 support with high volume suggests a likely trend reversal. This presents a favorable risk-reward opportunity for a bullish move.
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