$DOGE /USDT Technical Analysis and Trade Signal🚀🚀🚀

Current Price: $0.32019

Trend: Bearish (short-term correction)

Momentum: Neutral to Bearish (consolidation near support)

Key Levels:

Support: $0.31192 (critical support)

Resistance: $0.32970 (recent high), $0.33500 (major resistance)

Indicators Analysis:

1. RSI (Relative Strength Index): ~40 (approaching oversold, possible reversal)

2. Moving Averages:

50 EMA: Above current price, indicating bearish trend.

200 EMA: Acts as strong resistance near $0.335.

3. MACD: Bearish crossover observed, but momentum slowing down.

Trade Signal (Long Opportunity):

Entry Zone: $0.315–$0.318 (near support for optimal risk/reward)

Stop Loss: $0.308 (below key support)

Targets 🎯:

1. Target 1: $0.325 (short-term resistance zone)

2. Target 2: $0.329 (retracement to recent high)

3. Target 3: $0.335 (200 EMA resistance)

Trade Momentum:

Short-Term: Sideways to Bullish (reversal expected near support)

Medium-Term: Bearish (if unable to break $0.335 resistance).

Risk-Reward Ratio: 1:2.5

Favorable for traders focusing on short-term scalping or swing trades.

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