sell
Bearish Outlook on DOGEUSDT as Support Breakdown Approaches
A short position on #DOGEUSDT is suggested from $0.16491 with a stop loss at $0.177. The 3-hour timeframe shows the price nearing a critical support zone around $0.165, which previously prevented further declines. However, a downtrend with lower highs is emerging, indicating potential weakening of bullish momentum. Trading volume levels do not show buyer activity, increasing the likelihood of support breakthrough. Should the price break below $0.16491, further declines are expected with target levels at $0.15691, $0.15016, and $0.14417. It is advised to consider entering a position only after the price convincingly closes below the support zone at $0.165.
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AI Analysis
The analysis points to a critical juncture for DOGEUSDT on the 3-hour timeframe. The proximity to the key support zone around $0.165 suggests that the market is at a decision point. The historical sig...
AI Recommendation
Given the current technical setup, a cautious short entry can be considered once the price marks a clear close below $0.165. It is essential to monitor volume and price action closely to avoid false b...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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