$DOGE Update: Bullish Flip or Local Resistance?
($DOGE) is showing signs of a potential trend reversal on the 1-hour chart, currently trading at 0.09142 with a SuperTrend flip to green at 0.09072. The RSI(6) is rebounding from oversold levels and currently sits at 40.29, suggesting that immediate selling pressure is subsiding as buyers step in near the recent lows.
🎯 Trade Setup
EP (Entry): 0.09080 – 0.09150
TP (Targets)
TP1: 0.09280
TP2: 0.09391 (24h High)
TP3: 0.09550
SL (Stop Loss): 0.08950
The price has successfully established a local floor around 0.08786, and holding above the SuperTrend support at 0.09072 is crucial for a move toward the 24h high. Liquidity is clustered around the 0.09391 resistance zone, which will be the primary target if the current bullish momentum sustains.
Do you think ($DOGE) has enough volume to break past 0.0940, or are we heading for another retest of the lows?
Watching this level closely.
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