DOGE/USDT Analysis - Potential Short Setup
1. Current Price Action:
The price is hovering around 0.402. A key rising trendline has been broken, signaling a potential bearish reversal.
2. Support and Resistance:
- Resistance: 0.418 → 0.438
- Support: 0.402 → 0.384
3. EMA200 (4H):
The price is sitting just above the EMA200. A break below this level would confirm further downside potential.
4. Supertrend:
The Supertrend indicator is bearish, aligning with the downward momentum.
Trade Setup:
- Short trigger: If the price breaks below 0.402 with confirmation (strong volume).
- Stop-loss: 0.418 (resistance area).
- Take-profit: First target at 0.384, with potential continuation lower.
Key Notes:
- Watch for volume confirmation on the break of 0.402.
- EMA200 is critical: a break below it would strengthen the bearish bias.
- If bulls reclaim 0.418, this setup becomes invalid, and a move toward 0.438 may follow.
Trade safe and manage risk carefully! 🚨
1. Current Price Action:
The price is hovering around 0.402. A key rising trendline has been broken, signaling a potential bearish reversal.
2. Support and Resistance:
- Resistance: 0.418 → 0.438
- Support: 0.402 → 0.384
3. EMA200 (4H):
The price is sitting just above the EMA200. A break below this level would confirm further downside potential.
4. Supertrend:
The Supertrend indicator is bearish, aligning with the downward momentum.
Trade Setup:
- Short trigger: If the price breaks below 0.402 with confirmation (strong volume).
- Stop-loss: 0.418 (resistance area).
- Take-profit: First target at 0.384, with potential continuation lower.
Key Notes:
- Watch for volume confirmation on the break of 0.402.
- EMA200 is critical: a break below it would strengthen the bearish bias.
- If bulls reclaim 0.418, this setup becomes invalid, and a move toward 0.438 may follow.
Trade safe and manage risk carefully! 🚨
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.
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.