⚠️⚠️ BULLISH TECHNICAL ANALYSIS:
$DOGE /USDT ⚠️⚠️
CURRENT PRICE: $0.26532 📈
KEY LEVELS:
* Support: The key support level is around the $0.26000 mark. This area has been a strong anchor point, and as long as the price stays above it, the bullish momentum is likely to continue.
* Resistance: The primary resistance to watch is at the recent high of $0.26600. A breakout above this level could lead to a significant upward move. Further resistance is at the 24h high of $0.28764.
TRADE SETUP: LONG POSITION
Based on the current price action, a long position could be a viable trade setup.
* Entry: A confirmed breakout above the current resistance level of $0.26600. Wait for a candle to close above this level on the 15m or 1h chart to confirm the breakout.
* TP (Take Profit) 🎯:
* TP1: $0.27000 (Psychological resistance)
* TP2: $0.27500 (Next key level)
* TP3: $0.28700 (Approaching 24h high)
* SL (Stop Loss) 🛑: Place a stop loss below the support level at $0.26000. This ensures that if the price breaks down, your losses are limited.
RISK MANAGEMENT
Always use proper risk management. Never risk more than 1-2% of your total trading capital on a single trade. Use the provided Stop Loss to protect your funds and stick to your trading plan. 🤝
#FedRateCutExpectations #BitcoinETFMajorInflows #BinanceHODLerZKC #BinanceHODLerSAHARA