The $DOGE /USDT pair on the 15-minute chart is currently trading around 0.16978, showing a gain of nearly 8% for the day.

DOGE recently tested a high at 0.17271, which acts as a significant resistance level. A breakout above this level could signal continued bullish momentum.

Traders looking for a long position might consider entering if DOGE stabilizes above 0.17000, with incremental take-profit targets set at 0.17350 (TP1), 0.17500 (TP2), and 0.17750 (TP3) to capture gains as the upward trend potentially continues.

Conversely, the support level near 0.16800 is crucial; if the price dips below this, it could indicate a possible trend reversal. To manage risk, a stop-loss at 0.16650 is advised, providing a buffer against unexpected downside movement.

This setup aims to balance potential profits with clear risk management for an efficient trading approach.

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