Technical analysis by ahmadarz about Symbol DOGE on 12/21/2024

🚀 Uptrend Breakout Zone The chart shows a strong bullish breakout above the resistance level of $0.20812 and a retest of the support trendline. The upward move reached $0.38664, forming a new high. 📈 🔻 Correction Phase A sharp drop from the $0.38664 level indicates profit-taking or potential bearish divergence. The price is approaching the highlighted $0.20357 zone, marked as a key support area. 🔴 📉 Short-term Bearish Trend If the price breaks below $0.20357, further declines toward $0.11664 are possible. Traders should watch for a bullish signal (e.g., green candles) at these levels. 🛑 💡 Long-term Prediction A potential cup-and-handle pattern formation is visible, suggesting a gradual recovery and a bullish reversal back toward $0.38823. 📈 Look for a breakout above this resistance level for confirmation. 📢 Trading Signals ✅ Buy Zone: Near $0.20357, if bullish candles appear. Target: $0.33000 to $0.38823. ❌ Sell Signal: If price closes below $0.20357, target lower support at $0.11664. 🚀 Long-term Buy: After a confirmed breakout above $0.38823. 📊 Risk Management: Use stop-loss orders to protect against unexpected moves below key levels. ⛔