DOGE/USDT chart:
Long Trade Entry: Consider entering a long position if the price bounces off the MA(99) line, which is around 0.0007421 USDT, indicating strong support.
Short Trade Entry: A short position could be initiated if the price breaks below the MA(99) with significant volume, confirming a downtrend.
Stop Loss Level: For long trades, set a stop loss just below the MA(99) at approximately 0.0007400 USDT to minimize potential losses if the support fails.
This analysis is based on historical data and should be used in conjunction with other indicators and strategies. Always consider market conditions and risk management practices before making trading decisions.
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