Expert opinion: bullish #DOGE (from Coinsradar.net)
Entry price: Buy Dogecoin at $0.12724. This price level is considered the best entry point due to the presence of the demand zone and FVG.
FVG explanation: The Fair Value Gap (FVG) is a gap that forms when prices fluctuate significantly with little trading activity in between. This gap represents a market imbalance, usually caused by institutional investors, and can act as a magnet for prices, providing a potential support or resistance area.
Stop Loss (SL): Set the stop loss at $0.12502, slightly below the FVG. This level was chosen to minimize potential losses when the market moves against you. The stop loss percentage is 1.74%.
Take Profit (TP):
Set the take profit at $0.13822, in line with the supply zone. This target is based on market dynamics and expected resistance levels.
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