DOGE/USDT Trading Strategy
1. Current Price: 0.39170 USDT
2. Period: 5 Days
3. Trading Direction: Short Position
Technical Analysis and Strategy Logic:
Daily RSI(6) is 36.88, below the midpoint of 50, but has not reached the oversold area, indicating a weak downward trend.
3-day MA(5) is turning down, approaching MA(10) to form a death cross, suggesting increased short-term price pressure.
Weekly MACD green bars are starting to appear, indicating that bearish strength is increasing.
Monthly RSI(6) is 79.28, still in the overbought area, combined with volume at the top of the candlestick, it may lead to a price pullback.
Trading Strategy:
Entry Price: 0.39000 USDT
Take Profit Price: 0.34000 USDT
Stop Loss Price: 0.41000 USDT
Position Size: 15%
Leverage: 2x Leverage
Strategy Logic:
Current multi-timeframe indicators show that DOGE is facing pullback pressure, and the price may further decline in the short term, with risk control key to strict stop-loss execution.
Click the trading pair below to trade. $BTC