DOGE/USDT short-term trading strategy
Current price: 0.42472 USDT
Period: 24 hours
Trading strategy
Buy low strategy (long order)
Entry price: 0.415 - 0.420 USDT
Take profit price: 0.435 - 0.440 USDT
Stop loss price: 0.410 USDT
Position: 15% of funds
Trading type: spot or contract
Leverage: 3 times
Sell high strategy (short order)
Entry price: 0.435 - 0.440 USDT
Take profit price: 0.420 - 0.415 USDT
Stop loss price: 0.445 USDT
Position: 15% of funds
Trading type: contract
Leverage: 3 times
Technical indicator analysis
1. EMA analysis
EMA(7): 0.42582 USDT
EMA(25): 0.42152 USDT
EMA(99): 0.39068 USDT
The current price is close to EMA(7) and EMA(25), indicating that there is a fierce competition between long and short positions in the short term, and EMA(99) is a long-term support level.
2. RSI
RSI(6): 48.74, close to the neutral level, indicating that the market has not yet formed a clear overbought or oversold trend.
3. Trading volume
The increase in trading volume indicates that the market is actively trading at the current price and may usher in short-term fluctuations.
4. MACD
DIF: 0.00451, DEA: 0.00583, MACD column value: -0.00132, the short-selling force begins to emerge, but the momentum is limited.
Strategy logic
Buy low strategy: The current price is close to the support range of EMA (25), you can enter the market in the 0.415 - 0.420 USDT range, and the target is a short-term rebound to the resistance level above EMA (7).
Sell high strategy: If the price rebounds to the 0.435 - 0.440 USDT area and encounters resistance, you can try to open a short position, and the target is to pull back to the short-term support range.
Risk warning: Strictly implement stop loss to avoid losses caused by sudden fluctuations. $DOGE