$DOGE Updated Trading Strategy for DOGE/USDT 📊
Based on the new charts and money flow analysis, here’s an updated strategy:
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Key Observations
1. Price: 0.40619 USDT (marginal increase, showing short-term recovery).
2. Money Flow:
Buy Orders: 15.81M DOGE (strong inflow).
Sell Orders: 13.02M DOGE (moderate selling).
Net: Buying pressure exceeds selling, indicating bullish sentiment.
3. SuperTrend:
Green line below price indicates a bullish trend.
4. RSI: 72.63 (Overbought Zone).
High likelihood of a pullback; caution advised for new entries.
5. ADX: 45.06.
Strong trend confirmation (currently upward).
6. Bollinger Bands:
Price near the upper band, indicating potential overextension.
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Trading Plan
🔰 Short-Term Scalping:
1. 💹 Buy Zone:
Price Target: 0.40400 - 0.40500 USDT (near immediate support).
📊 Look for a pullback when RSI drops closer to 50-60.
Confirm with stable volume inflow.
#BuyOpportunity
2. 💰 Sell Zone:
Price Target: 0.40800 - 0.41000 USDT.
🔺 Reason: Aligns with resistance and overbought RSI levels.
#TakeProfit
3. 🛑 Stop-Loss:
Set at 0.40200 USDT to manage risk.
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📈 Swing Trading:
1. 💹 Entry Zone:
Enter at 0.40400 USDT or below.
Confirm with reduced selling pressure in the money flow analysis.
2. 💰 Target Price:
Take profits near 0.42000 USDT.
Key resistance from recent trading range.
3. 🛑 Stop-Loss:
Place at 0.40000 USDT to limit downside.
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Indicators to Watch
1. RSI:
Above 70: Expect a pullback.
Below 50: Strong buy signal near support zones.
2. ADX:
If ADX remains above 40, the trend is likely to continue.
3. Volume:
Monitor for spikes in large sell orders (~6.23M DOGE) as warning signs.
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Alerts
🔔 Buy Alert: Set at 0.40400 USDT for retracement entry.
🔔 Sell Alert: Set at 0.40800 - 0.41000 USDT for profit-taking.
🔔 RSI Alert: If RSI drops below 50, consider buying.
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Hashtags for Execution
#TradeSmart #DOGEUpdates #ScalpingStrategy #SwingTradeSuccess