#DOGE/USDT – Has the new upward wave started? (Daily Analysis and Trading Strategy)
Current Price: $0.23222 (+5.79%)
24-Hour High: $0.23439
24-Hour Low: $0.21781
Daily Volume: 1.44B DOGE
Technical Analysis (Daily Frame):
Bollinger Bands: The price is approaching the upper limit of the range (0.26293), indicating increasing positive momentum.
RSI (6) = 61.12: The momentum is upward, but still below the overbought area, allowing room for further rise.
MACD: Clear positive crossover with an expanding gap between the MACD line and the signal line, reinforcing the upward trend.
Trading Volume: Remains positively high, supporting upcoming breakouts.
Daily Trading Strategy (Daily Momentum Strategy):
1. Entry Point:
Enter after a daily close above the resistance level of 0.2350 with continued volume increase.
2. Take Profit Targets (TP):
TP1: 0.2500
TP2: 0.2650 (upper Bollinger limit)
3. Stop Loss (SL):
Below the support level of 0.2140
Important Notes:
The overall trend is upward on the daily frame, but waiting for a strong candle close above 0.2350 is essential to confirm the breakout.
Current price movement indicates a consolidation process, which may be a precursor to a price jump in the coming days.
