Usman Salis
⬤ Dogecoin (DOGE) bounced back hard after hitting the Kumo cloud support level on the 4-hour chart. This support zone, identified through Ichimoku cloud analysis, turned out to be the exact spot where the price reversed direction. The rebound played out just as expected, showing how effective this technical approach can be for catching trend changes.
⬤ The Kumo cloud support matters because it works like a safety net for price action. Traders who caught this setup were able to ride the move up, with clear signs pointing to a bullish shift. The Ichimoku method gave them a solid edge for timing their entries, whether going long or closing shorts.
⬤ Dogecoin's strong bounce suggests more upside could be coming. If the price stays above these key support levels in the next few hours, we might see a bigger rally develop. Traders are keeping a close eye on whether DOGE can hold its ground and push higher from here.
Usman Salis
