$DOGE
🚀 Trading Opportunity – DOGE/USDT 🚀
📍 Ideal Entry Area (Buying Area - Technical Rebound):
0.1035 - 0.1050
Entry after confirming that the price continues to rise above 0.1050 and starts breaking EMA21 on H1.
🎯 Profit Target:
Target 1 (TP1): 0.1085 (Nearby Resistance + EMA21 on 4H) ✅
Target 2 (TP2): 0.1115 (EMA50 Resistance on 4H) ✅
Target 3 (TP3): 0.1168 (Strong Resistance on 4H - Previous Wave Peak) ✅
⛔ Stop Loss:
0.1005 (Below the support bottom of 0.1014 directly to protect against a false break)
📊 Technical Analysis Supports the Trade (Cautiously Positive):
· General Trend (D1): Strongly bearish but with RSI in severe oversold (30.87), increasing the likelihood of a corrective rebound.
· Current Wave (4H): Consolidation and accumulation after a drop. MACD gave a bullish crossover and RSI exited the oversold, indicating weakening bearish momentum.
· Execution Signal (H1): Strong reversal signals. MACD showed a clear bullish divergence with price action, which is one of the strongest reversal signals. RSI is moving upwards.
· Chart Patterns: Potential higher low forming in the short term.
🎯 Main Catalyst:
Strong bullish divergence on MACD for the H1 frame, coupled with RDI exiting the oversold area on the daily frame (D1). This is a classic and strong signal for a potential rebound.
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📌 Trading is your responsibility – we provide the analysis, and you make the decision.