🚀 DOGE/USDT Analysis – BULLISH SETUP OR BREAKOUT OPPORTUNITY! 🔥
DOGE/USDT is currently trading at $0.39281, maintaining a recovery trend after rebounding from its recent low of $0.35883. The price is testing near-term resistance at $0.40128, indicating a potential breakout setup.
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📊 Market Structure Overview:
Support Levels:
1. $0.35883
2. $0.36753
Resistance Levels:
1. $0.40128
2. $0.41254
The price is trading above the EMA 50 (estimate: $0.382), confirming bullish momentum. A breakout above $0.40128 could signal further movement toward higher targets.
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📉 Trade Setup (Long):
Entry Point: $0.39400
Take Profit (TP 1): $0.40500
Take Profit (TP 2): $0.41500
Take Profit (TP 3): $0.43000
Stop Loss (SL): $0.37500
📈 Trade Setup (Short):
Entry Point: $0.38800
Take Profit (TP 1): $0.37200
Take Profit (TP 2): $0.36000
Stop Loss (SL): $0.40100
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Outlook:
DOGE/USDT is consolidating near the $0.39003-$0.40128 range. A breakout above $0.40128 could drive the price toward the $0.41500-$0.43000 zone. If resistance holds, the pair may retrace toward $0.36753 or even the $0.35883 support level. Watch for volume surges and candlestick confirmations around these key levels.
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