DOGEUSDT on the 30-minute timeframe, here’s an analysis and potential entry level:
Trend Analysis
Current Price: Around 0.08826 (sell) / 0.08883 (buy), with a mid-price near 0.0885.
44-period SMA: At 0.08980, which is above the current price, indicating a bearish bias as price is trading below this key moving average.
Market Sessions: The session changes show London (-1.2), New York (+8.4), and then London (-18.2). This sequence suggests an initial dip, a recovery, followed by a sharper decline, resulting in a net downward move. The recent London session’s large negative change reinforces bearish momentum.
Key Levels
Resistance: The 44 SMA at 0.08980 is a significant overhead level. A retest of this area could offer a shorting opportunity.
Support: The recent low from the last London session is not explicitly given, but price action likely found a temporary floor around the current level. A break below 0.0880 could signal further downside.
Entry Level Suggestion
Given the downtrend, a short entry near the SMA resistance is prudent:
Entry: 0.08960–0.08980 (wait for a pullback to this zone)
Stop Loss: Above 0.09020 (to account for potential false break)
Target: Initial support at 0.0880, then 0.0865 $DOGE