Example Trade Idea
Current Price: Assume DOGE is trading at $0.06.
Entry Point
Scenario: DOGE has bounced off a support level at $0.05 and is showing bullish momentum.Technical Confirmation: The 50-day MA is crossing above the 200-day MA, and the RSI is moving out of the oversold territory.
Buy Signal
Entry: Buy DOGE at $0.06.Stop Loss: Set a stop loss at $0.045 (below recent support).Take Profit: Set a profit target at $0.08 (near previous resistance).
Risk Management
Position Size: If willing to risk 2% of a $10,000 portfolio, the maximum risk per trade is $200.Calculation: With a stop loss $0.015 below the entry price, you can buy approximately 13,333 DOGE ($200 / $0.015).
