DOGE/USDT Trading Strategy
1. Current Price: 0.41500 USDT
2. Period: 3 days
3. Trading Direction: Short
Technical Analysis and Strategy Logic:
Daily: RSI(6) is 46.88, the price has not entered the oversold zone, and short-term rebound momentum is weak, with the price approaching the resistance level formed by previous highs.
Three-Day: RSI(6) is 61.11, at a relatively high level, the price is blocked near the previous high of 0.48434, showing signs of oscillation and retracement.
Weekly: MA5 and MA10 show a contraction, trading volume has increased but the price has not reached new highs, indicating that bearish forces are accumulating in the market.
Monthly: RSI(6) is as high as 84.47, indicating an overbought signal, MACD continues to rise, but the red bars are starting to shorten, indicating that upward momentum is waning.
Trading Strategy:
Entry Price: 0.41200 USDT
Take Profit Price: 0.37500 USDT
Stop Loss Price: 0.43000 USDT
Position Size: 15%
Leverage: 2x
Strategy Logic: DOGE has increased significantly recently, but signs of a pullback are evident at high levels, with overbought pressure on the three-day and monthly lines. Combined with changes in trading volume and technical indicator signals, short positions are the main focus, aiming to test the previous support level near 0.375.
Click the trading pair below to trade. $DOGE