Current situation:
- Price: $0.1738 (-2.44% for the last period).
- 24-hour range: $0.17231 (minimum) — $0.17833 (maximum).
- Trading volumes:
- 426.70 million DOGE.
- 74.75 million USDT.
Key levels:
1. Support:
- Nearest level: $0.17231 (minimum in 24 hours).
- Next level: $0.17061 (from the price list).
2. Resistance:
- Nearest level: $0.17833 (maximum in 24 hours).
- Next level: $0.18000 (psychological level).
Trading ideas:
1. Long buying scenario:
- Condition: Bounce from support $0.17231 with confirmation (e.g., increase in volume or formation of a bullish candlestick pattern).
- Take-profit targets:
- $0.17833 (first target).
- $0.18000 (second target).
- Stop-loss: Below $0.17061 (to minimize risks).
2. Short selling scenario:
- Condition: Break below support $0.17231 and close below this level.
- Take-profit targets:
- $0.17061 (first target).
- $0.16920 (second target).
- Stop-loss: Above $0.17421 (resistance level).
3. Conservative approach:
- Expect trend confirmation (e.g., breakout of $0.17833 to enter long or drop below $0.17231 for short).
Risks:
- High volatility of DOGE may lead to sharp movements. It's important to use stop-losses.
- Low volumes may increase the risk of false breakouts.
Additional recommendations:
- Keep an eye on overall trends in the crypto market (e.g., BTC movement).
- Consider macroeconomic factors (news, events).
Conclusion:
Today's trading plan for DOGE/USDT suggests two main scenarios: long from support or short on breakout. Key levels are $0.17231 (support) and $0.17833 (resistance). Risk management is essential.
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