DOGE Suggested Entry Points:
1. Aggressive Entry:
• Enter around the current price ($0.14500) if you are looking to catch the potential beginning of a reversal. Ensure to monitor closely for any signs of continuation or failure.
2. Conservative Entry:
• Wait for the price to break above the EMA(7) and EMA(25) with confirmation. A break above $0.14620 (EMA(7)) and $0.14700 (EMA(25)) with a retest confirming them as support would be a safer entry point.
• Look for the RSI to cross above 50 and the MACD to show a bullish crossover for further confirmation.
3. Confirmed Reversal:
• For a more confirmed and safer entry, wait until the price breaks above $0.14850 (recent high), which will indicate a strong bullish momentum and potential trend reversal.
Risk Management:
• Stop-Loss:
• Set a stop-loss below the recent low, for instance, below $0.14300, to limit potential losses if the market continues to decline.
• Take-Profit:
• Set a take-profit at previous resistance levels or based on your risk-reward ratio. Consider taking partial profits at $0.15000 and $0.15300.
Conclusion:
Currently, the indicators suggest a potential early reversal, but the trend is still bearish. An aggressive entry can be made at $0.14500 with close monitoring. For a more conservative approach, wait for a break above $0.14620-$0.14700 with confirmation. Always use proper risk management strategies to protect your capital.$DOGE #doge⚡