$DOGE
Based on the technical analysis of DOGE/USDT, I see:
1. Current analysis:
- Current price: $0.38645-0.38678, slight increase +0.19%
- The MA lines are converging in the range of $0.376-0.386
- RSI(6) = 59.7 indicates a neutral zone
- Stoch RSI is showing signs of recovery from the oversold area
- Trading volume is gradually decreasing
2. Possible scenarios:
Bullish scenario:
- Breakout above $0.388 with good volume
- Target: $0.392-0.397 (24h high range)
- Probability: 60%
Bearish scenario:
- Drop to test MA50 ($0.37653)
- May test the 24h low ($0.364)
- Probability: 40%
3. Trading recommendations:
LONG strategy:
- Entry: $0.385-0.387
- Stop loss: $0.382
- Take profit:
+ TP1: $0.392 (40% position)
+ TP2: $0.395 (30% position)
+ TP3: $0.397 (30% position)
SHORT strategy:
- Wait for price reaction at $0.392-0.395
- Entry: $0.392-0.395
- Stop loss: $0.398
- Take profit: $0.385-0.382
Note:
1. Do not FOMO when prices are highly volatile
2. Manage risks well with clear SL/TP
3. Monitor volume to confirm trends
4. Be cautious with BTC news that may impact
What do you think about this analysis and recommendations?