๐Ÿ“Š $DOGE/USDT Trading Setup

๐Ÿ”น Current Price: $0.37725 (+4.66%)

๐Ÿ”น 24H High: $0.38777 | ๐Ÿ”ป 24H Low: $0.34830

๐Ÿ”น 24H Volume (DOGE): 2.01B | 24H Volume (USDT): 740.87M

๐Ÿ“ˆ Trading Strategy:

Entry Point: $0.37725

Target: $0.38777 (24H High)

Stop-Loss: $0.34830 (local support level)

๐Ÿ”ฎ Market Analysis:

DOGE has experienced a positive movement, showing a +4.66% increase in the last 24 hours. The price has recently retraced from its 24-hour high of $0.38777, suggesting a possible pullback or consolidation before further upward movement. The price is above key moving averages (MA7, MA25, and MA99), indicating that the trend is still generally bullish.

The local support at $0.34830 is a critical level to watch. If the price falls below this level, further downside risk may emerge. However, the momentum remains positive, as reflected by the relatively strong trading volume in the last 24 hours. A breakout above $0.38777 could push the price even higher.

๐Ÿ’ก Recommendations:

Enter a position at $0.37725, targeting $0.38777 (24H High).

Set a stop-loss at $0.34830 to manage downside risk.

Keep an eye on volume โ€” continued high volume would suggest the continuation of the current upward trend.