To maximize short-term profit from the $DOGE /USDT pair while effectively managing risk, here is a well-thought-out entry and exit plan based on the technical analysis shown in the chart
1. Monitor daily technical indicators
RSI (Relative Strength Index): If it is below 30, it is a strong buying opportunity.
If it is above 70, it may be a selling opportunity to make profits.
MACD: If a positive crossover occurs (MACD is above Signal): A buying signal
If the trend reverses, it is cautious, it may indicate selling
Japanese candlesticks: Watch for positive candles (long green) that indicate buyers entering the market.
2. Use support and resistance levels
* Support: The level from which the price may bounce upwards. Currently, support is close to 0.325
* Resistance: The level that the price may find it difficult to exceed. Currently resistance is at 0.356
If the price breaks the resistance, it indicates the continuation of the rise
3. #استراتيجية Entry and exit
Buy: When an important resistance level is broken (with confirmation of high trading volume)
Partial sell: At expected profit levels (such as 10%-20% increase above the current price)
Stop loss: Set a limit below the 0.320 level
4. News #السوق
Follow news and developments related to $DOGE
* New partnerships
* Tweets from influencers like #ايلون_ماسك
* General crypto market movements
5. Helpful tools on Binance
Current price: 0.33152 USDT
First sell target: 0.360 (profit around 9%)
Second sell target: 0.400 (profit about 20%)