If 1H 20MA gets rejected by the 1H 200MA over the next few hours, expect to see a price rally of anywhere from 30-60% over the next 24 to 48 hours. This is supported by the current bull market trend of DOGE as well as recent support and resistance lines over the last several days.
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As the two moving averages approach, the market is still hesitant to close above the long trend. We may have to wait a little while to get confirmation of the rejection.
Trade active
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Trading position entered at $0.30. Looking for the price to go to around $0.33. Will re-evaluate momentum as price approaches the mark.
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First attempted reached stop-loss threshold at $0.279. Will continue to monitor markets. Still remaining bullish on DOGE through the next 24 hours.
Current market conditions indicate a retest of a previously strong support line at $0.2308. Looking for consolidation around this point with a breakout above the 1H middle Bollinger as confirmation for re-entry.
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New support projection is around $0.20, fall to $0.13 if it fails. Bounce to $0.25 if it holds