$DOGE Trade Setup: Possible Long (Buy) Reversal Trade
$DOGE has seen a sharp decline and is now near a potential support zone, indicating a possible bounce.
Entry Zone:
Ideal entry between $0.1685 – $0.1705 (price is currently at this level).
Stop Loss:
$0.1655 (below recent support).
Support Levels:
First support: $0.1680 (recent low).
Second support: $0.1665 (major level to hold).
Resistance Levels:
First resistance: $0.1735 (small pullback zone).
Second resistance: $0.1810 (stronger resistance).
Major resistance: $0.1900 (big breakout level).
Take Profit Targets:
Target 1: $0.1735 (safe short-term target).
Target 2: $0.1810 (mid-term resistance).
Target 3: $0.1900 (big move if bullish momentum returns).
Technical Justification:
Massive drop with red volume candles, meaning selling pressure was high but may be near exhaustion.
DOGE is near MA(99) at $0.1757, meaning a bounce could happen if buyers step in.
If price loses $0.1650, DOGE could fall further toward $0.1600 or lower.
Alternative Bearish Scenario:
If DOGE breaks below $0.1650, expect further downside to $0.1600 or even $0.1550.
