Based on the chart analysis of the currency $DOGE DOGEUSDT
Technical Analysis:
1. Trend: the price is in a clear downward trend, having decreased by 6.78%.
2. Bollinger Band Indicator: the price is close to the lower Bollinger band (DN: 0.13580), indicating a potential rebound.
3. RSI Indicator: its value is 36.79, indicating nearing the entry into the oversold area.
4. MACD: reflects a negative momentum (DIF < 0), but it may show a positive crossover if the momentum improves.
Suggested trading strategy:
1. Buy:
- Income: If the price bounces from the level 0.1350 or shows a bullish signal on smaller time frames.
- Target: 0.1456 - 0.1488 (middle Bollinger level).
- Stop loss: below 0.1311.
2. Sell:
- Income: If the decline continues and breaks 0.1350.
- Target: 0.1311 or lower.
- Stop loss: above 0.1390.
Tips:
- Monitor trading volume to confirm the trend.
- Use appropriate risk management to avoid losses.#DOGE: $BNB
