📊 Detailed technical analysis
• Short-term resistance: $0.18 – $0.19. Breaking this level could open the possibility of rising to $0.29 in the short term.
• Strong support: $0.16 – $0.17. If the price drops below this level, it may test the support area of $0.15.
• Technical indicators:
• RSI (14): Around 60, indicating a slight uptrend but not yet in the overbought zone.
• MACD: The MACD line crosses above the signal line, confirming the uptrend.
• EMA 20/50: Price is above both EMA lines, reinforcing the short-term uptrend.
📈 Futures trading strategy for the next 24 hours
1. Scalping strategy (5–15 minute timeframe)
• Target: Small, quick profits from frequent trades.
• Indicators used: EMA 9 & 21, MACD, RSI, VWAP.
• Buy entry point: When EMA 9 crosses above EMA 21, RSI below 70, MACD crosses up.
• Take profit point: 0.3%–0.6%.
• Stop loss: 0.2%–0.4%.
• Leverage: 5x–10x (manage risk carefully).
2. Intraday strategy (30-minute – 1-hour timeframe)
• Buy order:
• Entry point: $0.172–$0.174.
• Take profit: TP1: $0.180; TP2: $0.185.
• Stop loss: $0.170.
• Leverage: 3x–5x.
• Sell order (if resistance holds):
• Entry point: $0.180–$0.185.
• Take profit: $0.174.
• Stop loss: $0.187.
🧠 Market sentiment and whale activity
• Dogecoin is currently in the “Hope” zone according to the NUPL indicator, indicating potential upside as it approaches the “Optimism” zone.
• DEX trading volume on the Dogecoin network has surged, indicating increasing interest from investors.
⚠️ Important notice
• The DOGE market is experiencing strong volatility; investors should be cautious with high leverage and set appropriate stop loss levels to manage risk.
• Closely monitor announcements from exchanges regarding maintenance or changes related to DOGE trading to avoid unwanted risks.