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DOGE / USDT
Long

DOGE Breaks Out at $0.37: Bulls Target $0.42!

273
DOGE/USDT 4H Chart Analysis
Breakout confirmed: DOGE has broken above the equilibrium zone, with strong bullish momentum supported by volume and RSI.

Current price: $0.37.

  1. Key levels:


  • Support: $0.34 (established as the recent base).
  • Resistance:
  • Primary: $0.40 (premium zone).
  • Target: $0.42 (major resistance).
  • RSI: Currently at 68, showing bullish momentum but not yet overbought, suggesting room for further upside.


  1. Trade setup:



  • Entry: Current level ($0.37) or on a slight pullback near $0.345.
  • Target: $0.42 (key resistance level).
  • Stop loss: Below $0.345 to limit downside risk.
  • Risk-to-reward: A favorable setup with clear targets and manageable risk.
  • Confidence level: 7/10 for bullish continuation toward $0.42.


  1. Considerations:


  • Volume confirmation: Ensure continued strong buy volume to sustain the breakout.
  • RSI monitoring: Watch for overbought conditions as price approaches $0.40-$0.42.
  • Resistance reaction: Be cautious near $0.40; a failure to break could lead to temporary consolidation.

This setup indicates potential upside to $0.42 if the bullish momentum persists and $0.34 support remains intact.
Cryptokijker
Chart PatternsdogedogecoindogeusdtTechnical IndicatorsTrend Analysis

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Chart PatternsdogedogecoindogeusdtTechnical IndicatorsTrend Analysis
Cryptokijker

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.