(BABYDOGE) / Tether (USDT) pair chart analysis $1MBABYDOGE
Take Profit (TP):
Take Profit Option 1 (Upper Trendline of the Channel): The upper boundary of the regression channel is a good target, which in your case is around 0.00000003600 USDT.
Take Profit Option 2 (Based on Recent Highs): Alternatively, you can place the take profit near the recent high, around 0.00000003450 USDT, which provides a reasonable target if you're looking for a shorter-term trade.
Stop Loss (SL):
Stop Loss Option 1 (Below Support or Lower Trendline): Place the stop loss slightly below the lower boundary of the Linear Regression Channel. In your chart, this could be around 0.00000003100 USDT (depending on exact positioning).
Stop Loss Option 2 (Below the Previous Swing Low): Another option is placing it below the most recent swing low, which seems to be around 0.00000003000 USDT.
Final Setup:
Stop Loss: 0.00000003100 USDT
Take Profit: 0.00000003600 USDT