---$DOGE
๐ DOGE/USDT Market Update (4H Chart โ Traderโs View)
Currently, DOGE is trading around 0.278 USDT after showing strong momentum from the lower accumulation zone (blue box support). This recent breakout confirms that buyers are stepping in aggressively after a long consolidation phase.
๐ Key Observations:
Accumulation Zone: The price held strong support around the 0.20โ0.23 range. This area acted as a base where buyers quietly loaded up.
Breakout & Retest: After multiple attempts, DOGE successfully broke above the descending trendline (grey line) and rallied to the higher supply zone near 0.30.
Supply Zone Resistance: Now, DOGE is approaching a crucial resistance band (0.29โ0.32). This area is historically a heavy supply region, where profit-taking might occur.
๐ Traderโs Eye View:
If DOGE can hold above 0.27โ0.275, we may see another push toward 0.30โ0.32. But if buyers fail to sustain, we could witness a pullback to retest the breakout zone near 0.25โ0.26 before resuming upward momentum.
โก Pro Tip:
Patience is the key! Donโt chase green candles blindly. Always wait for confirmation around support/resistance zones and manage risk with proper stop-loss. Remember: Successful trading = Strategy + Discipline + Patience.
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