Dogecoin is exploding: Has the journey back to the top begun?$DOGE
The giant has finally awakened! We witnessed a strong breakout above the 0.10 level with massive buying candles on the 4-hour timeframe. The current rise of 14% is not just a coincidence, but is supported by significant buying momentum and huge liquidity entering the market.
Although the Relative Strength Index (RSI) indicates overbought conditions, the overall trend is strongly upward. The breakout above the moving averages opens the door to levels we haven't seen in a while. The secret now is patience and waiting for a slight correction to enter smartly.
Trading plan:
Trade type: Buy (Long)
Entry area: 0.1000 – 0.1020
First target: 0.1080
Second target: 0.1150
Third target: 0.1250
Stop loss: 0.0945
Do you think this is just the beginning for Dogecoin, or is it just a temporary wave? Share your predictions in the comments.