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DOGE
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought conditions.
There is a key resistance zone in green at 0.09740. The price has bounced off this zone several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 0.09110
Target 1: 0.09017
Target 2: 0.08898
Target 3: 0.08770
Stop Loss: At the resistance zone in green.
Remember this simple rule: Manage your money.
For any questions, please leave a comment.
Thank you.$DOGE