Dogecoin appears to be setting up for a potential breakout from a long consolidation phase.
Key Technical Signals:
- Price has been consolidating near the range low around $0.14260 for months
- Recent price action shows higher lows formation
- RSI is showing signs of life after extended oversold conditions
Potential Long Setup:
- Entry: Current levels around $0.18025 or on any dip to support
- Target: Range high at $0.45000 (150%+ potential gain)
- Stop Loss: Below $0.14260 support level
Risk Factors:
- Crypto markets remain volatile
- Bitcoin correlation could impact movement
The technical setup suggests accumulation at these levels, with the potential for a significant move if the diagonal resistance is broken. However, failure to hold current support could lead to further downside.
Key Technical Signals:
- Price has been consolidating near the range low around $0.14260 for months
- Recent price action shows higher lows formation
- RSI is showing signs of life after extended oversold conditions
Potential Long Setup:
- Entry: Current levels around $0.18025 or on any dip to support
- Target: Range high at $0.45000 (150%+ potential gain)
- Stop Loss: Below $0.14260 support level
Risk Factors:
- Crypto markets remain volatile
- Bitcoin correlation could impact movement
The technical setup suggests accumulation at these levels, with the potential for a significant move if the diagonal resistance is broken. However, failure to hold current support could lead to further downside.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.