Simple analysis for the 15-minute frame (DOGE/USDC):
🔎 Technical analysis
Current price: 0.2241
Short-term overall trend: Down (clear from the decreasing peaks and troughs and the downward trend line).
There is a rebound from the area of approximately 0.2205 (today's low) with an attempt to rise but it failed to break the 15–20 average (the blue line).
Liquidity is close (51% sell versus 49% buy), which indicates hesitation.
📍 Important areas
Strong support: 0.2200 – 0.2210
Nearby resistance: 0.2265 – 0.2270
Second resistance: 0.2300
🎯 Proposed strategy (for quick speculation on the 15-minute frame)
Potential entry point (buy): If it retests the support area 0.2210–0.2220 and a bullish reversal candle appears.
Targets (Take Profit):
First target: 0.2260
Second target: 0.2295
Stop Loss: Clear break below 0.2200 and closing beneath it.
📌 Important note:
The market is currently in a downward trend, so it is better to enter with a small trade size and ensure a clear reversal signal appears.
If the price does not succeed in breaking 0.2265, it may drop again to test 0.2200.