Based on data analysis, I will provide a detailed report on $DOGE :
A. Current Analysis:
1. Technical Analysis:
- RSI: RSI6 = 62.26, RSI12 = 65.38, RSI24 = 65.22 indicates a moderate upward trend, not overbought yet
- MACD: There is a positive signal with MACD (0.069) > Signal (0.056), positive histogram (0.013)
- Bollinger Bands:
+ Upper: 0.507
+ Middle: 0.235
+ Lower: -0.038
+ The price is trading near the upper band, indicating strong upward momentum
Volume and market pressure:
+ Average volume over 7 days: 21.38B DOGE
+ The buy/sell ratio is fairly balanced (Buy ratio: 49.24% vs Sell ratio: 50.76%)
2. OrderBook:
- Very low bid-ask spread: 0.00001
- Buying pressure (67.97%) > selling pressure
- Order book imbalance: -19.07% (advantage to sellers)
B. Forecast for the next 24 hours:
1. Main scenario (60% probability):
- Price fluctuates in the range of 0.365-0.395
- Strong support: 0.365
- Important resistance: 0.395
+ Target 1: 0.378 (+2%)
+ Target 2: 0.388 (+4%)
+ Stop loss: 0.358 (-4%)
2. Signs to watch:
- Volume spikes above 7B DOGE/day
- RSI6 exceeds 70 or drops below 30
- MACD crosses Signal line
- Sudden changes in order book imbalance
C. Trading recommendations:
1. Spot Trading:
- Entry zones: 0.370-0.375
- Take profits:
+ TP1: 0.378 (30% position)
+ TP2: 0.388 (40% position)
+ TP3: 0.395 (30% position)
+ Stop loss: 0.358
+ Risk:Reward = 1:2.5
2. Risk management:
- Do not use high leverage due to high volatility
- Split orders into smaller sizes (3-4 orders)
- Set trailing stop when the price reaches TP1
- Only trade a maximum of 5% of the portfolio