Technical Overview:
DOGE is currently stabilizing above the 0.21 support zone after a healthy correction. Price has reclaimed the 100 EMA and 200 EMA on the 4H timeframe, and is forming a higher low structure — indicating a potential bullish continuation.
Indicators:
MACD: Bullish crossover expected soon on 1H and 4H timeframes.
EMA Alignment: On 15m and 1H, price is supported above EMA 20/50/100, reinforcing short-term bullish momentum.
Fair Value Gaps (FVG): Recent FVGs have been filled, and price is holding strong — a sign of demand absorption and buyer interest.
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Trade Idea (Long Position):
Entry Zone: $0.2190 – $0.2210
Take Profit Targets:
TP1: $0.2350 (+6.5%)
TP2: $0.2480 (+12%)
Stop Loss: $0.2110 (below recent swing low)
Leverage: 5x or 10x
Trade Duration: 2 to 7 days
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Bias: Bullish
Risk-to-Reward: Favorable for a short-term leveraged trade, especially if price sustains above $0.219.