DOGE/USDT trading strategy
Current price: 0.42495 USDT
Period: 24 hours
Trading strategy
Buy low strategy (long order)
Entry price: 0.412-0.416 USDT
Take profit price: 0.432-0.435 USDT
Stop loss price: 0.405 USDT
Position: 20% of funds
Trading type: spot or contract
Leverage: 3 times
Sell high strategy (short order)
Entry price: 0.432-0.435 USDT
Take profit price: 0.416-0.420 USDT
Stop loss price: 0.440 USDT
Position: 20% of funds
Trading type: contract
Leverage: 3 times
Technical indicator analysis
1. Moving average system (EMA)
EMA(7): 0.42268 USDT, indicating strong short-term support.
EMA(25): 0.41236 USDT, medium-term support.
EMA(99): 0.38065 USDT, long-term trend continues to be bullish.
2. RSI indicator
RSI(6): 58.07, indicating that the price is in a relatively healthy rising range and has not yet entered the overbought area.
3. MACD indicator
DIF and DEA are both positive, and the MACD histogram has increased slightly, indicating that bulls are still dominant, but it is necessary to guard against the risk of high-level correction.
4. Trading volume
The trading volume has gradually increased, indicating that market participation has increased, indicating that the current price has certain support, but it is necessary to pay attention to the sustainability of subsequent volume.
Strategy logic
1. Low-buy strategy
The short-term support range formed by EMA(7) and EMA(25) indicates that the current price has limited room for correction. Therefore, it is recommended to buy on dips in the range of 0.412-0.416 USDT, with the target being the recent high of 0.432-0.435 USDT.
2. Sell high strategy
Enter short orders when the price approaches the recent high (0.432-0.435 USDT) to capture possible pullback profits. Set the stop loss above 0.440 USDT to avoid the risk of further upward movement.
It is recommended to strictly implement stop loss and position management to reduce potential losses caused by market fluctuations. $DOGE
