Based on the DOGE/USDT chart below is a detailed analysis by trend and indicators:

Uptrend signal:

  1. RSI (14):
    RSI at level76,26, indicating that the market is atoverbought zone. This shows strong buying momentum in the short term but caution is needed with the possibility of a correction.

  2. MACD:
    Road MACDCrossing above the signal line reinforces the uptrend.
    Besides, high trading volumesupport the ongoing uptrend.

Long term trading recommendations:

  • Entry point: 0.37 (based on signals shown on chart).

  • Profit Target (TP):
    Take profit gradually at the following levels:

    • 0,3760

    • 0,3817

    • 0,3873

    • 0,3929

    • 0,4075

    • 0,4225

  • Stop Loss (SL): 0.35 to minimize potential loss.

Downside Risk (Short-Term Concern):

  1. Price Analysis:
    If the price does not hold above0,37, the price may return to the lower support level0,35 or 0,33 .

  2. RSI Overextended:
    High RSI values ​​can lead totechnical adjustmentwhen buying pressure weakens.

  3. Short sell trade setup:
    If the price falls below0,35, consider entering a short position.

    • Stop Loss (SL): 0.37

General strategy:

Short-term focus:

Prioritize long-term buying positions that align with the current uptrend.

Long-term outlook:

Watch price action at key resistance levels. Wait for confirmation signals before committing to new positions.

Risk Management:

  • Allocate only 5% of total capital to this trade.

  • Use 10x leverage cautiously to balance potential profits with risk level.

Cautionary Note:

  • This analysis is for informational purposes only and should not be considered financial advice.

  • Futures trading is highly risky and can result in substantial losses.

  • Practice effective money management and ensure you fully understand market conditions before entering any trade.

By adopting a disciplined approach and sticking to the stated strategy, traders can stay abreast of market trends while minimizing potential risks.