DOGE/USD Analysis and Recommendations:

Long Position:

• Given the oversold indicators (RSI, Stochastic Oscillator, Williams %R), it may be a good opportunity to consider a long position.

• However, ensure to wait for a confirmation signal such as a bullish crossover in the MACD or an increase in the RSI above 30.

Short Position:

• Since the overall trend is bearish (price below EMAs), a short position might still be valid.

• Consider opening a short position if the price moves towards the EMA (7) or EMA (25) and then shows resistance.

Suggested Entry Points:

• Long Entry: Around the current price of $0.14096 if there are signs of a reversal (e.g., MACD crossover or RSI improving).

• Short Entry: If the price approaches $0.14367 (EMA 7) or $0.14792 (EMA 25) and shows resistance.

Remember to set stop-loss orders to manage risks and consider using trailing stops to protect gains. Always review multiple timeframes and additional analysis for more confidence in your trading decision.$DOGE #doge⚡