đĄ Market Insights: â Strong support at $27.68 â Bulls need to hold above $27.90 for continuation â ïž Rejection at $28.32 may lead to a pullback
đą Whatâs your next move on TRUMP/USDT? Drop your thoughts below! đđ„
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**Instrument:** DOGS/USDT *Timeframe:** 15-Minute (1:04 AM UTC+5:30)
**Technical Analysis:**
1. **Current Price:** 0.0014411 USDT
2. **BOS (Break of Structure):** Observed earlier, indicating a bullish trend continuation.
3. **EQL (Equal Highs/Equal Lows):** Shows a temporary equilibrium where the price is consolidating, creating a potential breakout scenario.
4. **Order Block (OB):** There's a 15-Minute OB marked at 0.001503 with a 9% zone, indicating a key area of interest where buying pressure could intensify.
5. **RSI Divergence:** RSI has crossed into positive territory at 11.5653, indicating a potential reversal or continuation of bullish momentum.
**Trade Ideas:**
1. **Long Entry:** (Achieved at 10:27 AM UTC +5:30)
**Entry Point:** Consider entering a long position at the current price of 0.0014411 USDT.
**Stop-Loss:** Place a stop-loss just below the recent support or the lower boundary of the OB, around 0.0014000 USDT.
**Take-Profit:** Target the upper OB level at 0.0015030 USDT for a potential 9% gain, with a possibility to extend if momentum persists.
2. **Breakout Trade:**
**Entry Point:** If the price breaks above the EQL level or consolidates above the OB, consider entering after the breakout.
**Stop-Loss:** Place the stop-loss just below the breakout point or OB lower boundary.
**Take-Profit:** Target a move towards 0.0016000 USDT or higher, depending on volume and momentum.
3. **Risk Management:** - Always use appropriate position sizing based on your risk tolerance. - Monitor the volume and RSI closely to gauge the strength of the move.
**Summary:**
With bullish signals on the 15-minute chart, DOGS/USDT presents a good opportunity for a long trade, especially if the price breaks out from the current consolidation. However, be mindful of key levels and adjust your strategy accordingly.
This trade idea is for educational purposes. Always conduct your own analysis before executing any trade.
Just wanted to share some insights on Dogecoin (DOGE) as we head into the new trading week. đ
After seeing a bit of a dip last week, DOGE seems to be consolidating around the $0.095-$0.099 range. We're noticing some strong support building up at $0.091, which could mean a potential bounce back if the bulls step in. đ
Here are a few key points to consider:
Volume Spike: Thereâs been an uptick in trading volume over the past 24 hours. This could signal that a big move is coming soon. Keep an eye on the volume charts to spot any early signs of a breakout.
Market Sentiment: The broader crypto market sentiment appears to be turning bullish with Bitcoin (BTC) and Ethereum (ETH) also showing strength. A positive momentum in these major coins could spill over to DOGE as well.
RSI Indicator: The Relative Strength Index (RSI) for DOGE is currently around 40, suggesting it's nearing oversold territory. This might present a good buying opportunity if youâre looking for a short-term trade.
Remember, always do your own research and trade responsibly. Never risk more than you can afford to lose. đĄ
Happy trading and letâs keep an eye on DOGEâs next move! đđ