$DOGE
1. Entry Points
Current Price: $0.24489
DOGE recently hit a local high at $0.25970 before pulling back and now hovering near the 7-period MA ($0.24329).
This suggests a potential consolidation or small retracement before continuation.
Optimal Entry Zone:
Primary Entry: $0.24300–$0.24600 (near 7 MA and minor support).
Alternative Entry (dip buy): $0.22800–$0.23000 (close to 25 MA and previous support zone).
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2. Stop-Loss Placement
To protect against breakdown and failed continuation:
Stop-Loss: $0.22100
Just below the 25 MA and last significant support, giving some room for volatility.
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3. Take-Profit Targets
Based on recent price action and momentum:
TP1 (moderate): $0.25900–$0.26000 (retest of recent high).
TP2 (bullish breakout): $0.26800
Potential breakout target if volume continues upward.
TP3 (aggressive extension): $0.27800–$0.28000
Psychological resistance level and previous structure from historical moves.
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Summary (Spot Trading Setup)
Entry: $0.24300–$0.24600
Stop-Loss: $0.22100
Take-Profit Targets:
TP1: $0.25900
TP2: $0.26800
TP3: $0.27800
Risk/Reward Ratio: Around 1:2.5 or better, depending on entry and TP levels.