Hello everyone, let's take a look at the 4H DOGE to USDT chart as you can see the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 0.06437
T2 = $ 0.06549
T3 = $ 0.06641
T4 = $ 0.06735
and
T5 = $ 0.06858
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 0.06307
SL2 = $ 0.06191
SL3 = $ 0.06097
SL4 = $ 0.06005
and
SL5 = $ 0.05870
Looking at the CHOP indicator, we see that in the 4H range the energy is slowly rising, while the MACD indicator shows an upward trend but we are close to entering the local downward trend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 0.06437
T2 = $ 0.06549
T3 = $ 0.06641
T4 = $ 0.06735
and
T5 = $ 0.06858
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 0.06307
SL2 = $ 0.06191
SL3 = $ 0.06097
SL4 = $ 0.06005
and
SL5 = $ 0.05870
Looking at the CHOP indicator, we see that in the 4H range the energy is slowly rising, while the MACD indicator shows an upward trend but we are close to entering the local downward trend.