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๐๐ Dogecoin analysis according to the 4-hour frame:
DOGE is currently trading near a very important support area located between
0.1372$ โ 0.1390$ after a gradual decline from a peak of 0.15340$.
The technical indicators show a clear oversold condition:
๐ธ RSI(6) at 24 = Short-term oversold
๐ธ RSI(14) at 35 = Near a reversal point
๐ธ W%R at -82 = in the oversold range
๐ธ MACD reduces negativity = beginning of downward weakness
๐ธ The Bollinger Bands are pressing from below = imminent bounce probability
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๐๐ฏ Entry points:
โข First entry: $0.1390
โข Reinforcement entry: $0.1372
๐ฏ๐ Expected targets:
โข First target: $0.1418
โข Second target: $0.1468
โข Third target: $0.1509
โ๐ซ Stop loss:
โข $0.1349 (closing of the 4H candle below it)
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โจ๐ Important notes:
โข DOGE is currently at the lower Bollinger Bands, enhancing the likelihood of a strong bounce.
โข Decrease in selling volume indicates the beginning of liquidity accumulation.
โข Exceeding $0.1418 will return positive momentum for the currency on the medium timeframe.
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โก๐ฅ Summary of the recommendation:
Dogecoin is at the end of the decline and the beginning of forming a rising bottomโฆ
The current indicators support a bounce scenario towards positive targets in the coming hours.
We proceed with cautionโฆ and good luck to everyone โจ๐๐ฅ
#ุงุณุชุฑุงุชูุฌูุฉ_ุงูุตู ูุฏ_ุงูุฐูุจู #ุงูู ุงูุณุชุฑู_ุงูู ุงูู
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