Technical Analysis
DOGE/USDT
(1D - June 13)
💰 Current Price: 0.175 USDT
📉 Overall Trend: Bearish, but with mixed signals (bullish Parabolic Sar vs. other bearish indicators).
📌 Key Indicators:
- RSI (38.06): Close to oversold (30), but without divergence.
- MACD: Active bearish crossover, but histogram close to zero (possible exhaustion).
- SMA(50): Price below (dynamic resistance at ~0.185 USDT).
- BBands: Price near the lower band (support at ~0.170 USDT).
- CCI (-131.82): Oversold, but in a bearish trend may extend.
- Volume: High (1.06B DOGE), but no confirmation of accumulation.
- Parabolic Sar: Bullish signal (points below the price).
🎯 Possible Scenarios:
1️⃣ Bounce:
- If the price respects the support at 0.170 USDT and the RSI rises above 30, long entry with:
- SL: 0.165 USDT (below the support).
- TP1: 0.185 USDT (SMA50).
- TP2: 0.195 USDT (local resistance).
2️⃣ Bearish Continuation:
- If it breaks 0.170 USDT with high volume, target at 0.160 USDT (psychological support).
- SL: 0.175 USDT (above the breakdown).
⚠️ Confirmation Signals:
- Bullish: Daily close above 0.180 USDT + RSI > 45.
- Bearish: Daily close below 0.170 USDT + MACD extending bearish crossover.
📊 Risk Management:
- Stop Loss: Always 3-5% of the entry price.
- Take Profit: Tiered (50% at SMA50, 50% at upper resistance).
🔮 - The Parabolic Sar suggests a possible reversal, but the overall context remains bearish.
- Wait for confirmation before entering. Avoid FOMO!
🎯 Best Opportunity: Bounce at 0.170 USDT with increasing volume and RSI recovering. 📈
Remember:
Cryptocurrency trading involves high risk. Always conduct thorough research and consider using Risk Management.
vc_custy
🫖☕️😎