The price made a strong surge and a clear breakout above the averages.
The Bollinger Bands are very wide, indicating that the movement was sudden and strong.
The RSI is high and indicates that the price has entered an overbought area (there might be a correction soon).
The trading volume has sharply increased, confirming that the rise is supported by liquidity.
🔑 Summary:
If you entered at a low price (below 0.2200 for example), you might consider taking gradual profits at 0.245 – 0.250.
If you intend to enter a new buy now, it’s better to wait for calm or a slight correction (for example, a return to 0.2300 – 0.2350) to make the entry safer.
In case the price breaks the level of 0.2520, we might see a continuation of the rise towards 0.260 – 0.270.
DOGE
0.13912
+2.46%
