$DOGE #DOGEUSDT
📌Analysis + Trade
🔥 Downward explosion for DOGE/USDT with continued selling pressure
⏱️ DOGE/USDT – Analysis on the hourly timeframe (1h)
Current price: $0.22536 (±1.23%)
👈 Technical analysis in brief:
After a bearish candle at $0.22536, the price failed to maintain support levels.
The price is below EMA7 ($0.22816) and EMA25 ($0.22766) and EMA50 ($0.22603) → Sellers are in control.
RSI6 at ~40 → Oversold condition necessitates further downward pressure.
🔷Trade settings:
✅ DOGE/USDT (Sell) SHORT - priority
🔰 Entry price at support break: $0.22400
🎯 Targets (expected in the coming hours):
• $0.22300
• $0.22100
• $0.22000
• $0.21800
🛑 Stop loss: $0.22650
📌 Trader's advice:
Make sure to close the 1h candle below $0.22400 with high selling volume before entering.
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🔵 For corrective rebounds
✅ DOGE/USDT (Buy) LONG
🔰 Entry price at breakout: $0.22750
🎯 Targets (short corrections):
• $0.22850
• $0.22950
• $0.23000
• $0.23100
🛑 Stop loss: $0.22600
📌 Trader's advice:
Wait for the 1h candle to close above $0.22750 with clear volume before entering.
✨ Trader's advice:
“Always remember to manage risk well and do not invest more than you can afford to lose.”