$DOGE is at a maximum point on the RSI, indicating a possible overbought condition, and is facing significant resistance. According to technical analysis, this resistance has shown signs of weakness, suggesting a possible correction towards the levels of $0.25. This scenario makes it an interesting opportunity to trade futures with a short position, using a leverage of 40X.
DOGE/USDT (Perpetual market futures)
Direction: Short
Leverage: 40X (isolated) optional
Entry: Current market price
Stop Loss: $0.44
Take Profit: $0.26 or 0.32 (optional)
This strategy allows taking advantage of the weakness of the current resistance, aligning technical analysis with solid risk management.