Analyzing Dogecoin (DOGE) on the 1-hour timeframe
2024-11-02

Analyzing Dogecoin (DOGE) on the 1-hour timeframe, the price is approaching a resistance level marked by the pink zone. A breakout above this resistance could lead to a move towards the target area indicated by the blue zone.

Key Points:

Current Resistance: Pink zone on the chart.
Potential Target: Blue zone above the current resistance.
Action Plan: Monitor for a confirmed breakout above the pink zone before considering a long position towards the blue zone.
Always ensure proper risk management and wait for clear confirmation before entering a trade