$1MBABYDOGE

1. General Trend (Moving Averages)

• The moving averages are indicating a sideways or recovering market.

• MM(8), MM(20), and MM(50): Approaching each other, suggesting consolidation.

• MM(200): Is above the current price, indicating that the asset is in a long-term downtrend.

Strategy:

• Wait for a clear break of resistance at MM(50) or above 0.0034 for a safer entry.

• If the price loses support at 0.0029, there may be a new drop.

2. Support and Resistance

• Support:

• 0.0029: Main visible support, confirmed by previous touches on the chart.

• Resistance:

• 0.0036 and 0.0039: Nearby resistance that may limit gains in the short term.

Strategy:

• Buy near the support of 0.0029 with a short stop just below.

• Take partial profit at 0.0036 and full profit at 0.0039.

3. Technical Indicators

• MACD:

• It is close to crossing upwards, indicating the possibility of a rise in the short term.

• RSI:

• At 50, showing neutrality. Wait for values ​​above 60 to confirm buying strength.

• Stoch RSI:

• At medium levels, still without a clear sign of overbought or oversold.

• Volume:

• Reduced volume, which may indicate a lack of strength in the current movements.

Strategy:

• Confirm the increase in volume before entries, especially on breakouts.

4. Entry and Exit Scenario

Bullish Scenario (Breaks resistance at 0.0036):

1. Buy on breakout of 0.0036 with target at 0.0039 and 0.0043.

2. Stop loss below 0.0035.

Bearish Scenario (Loses support at 0.0029):

1. Sell on breakout of support with target at 0.0028 and 0.0026.

2. Stop loss above 0.0030.

Best Strategy Summary

• Short term: Buy near 0.0029 or on breakout of 0.0036.

• Medium term: Target at 0.0039 with capital protection at 0.0035.

• Risk management: Use strict stop loss and avoid trading against the main trend.