Trading Strategy on $DOGE – Are You Ready for the Next Wave?
Hello Binance Square Champions!
DOGE is back with strong momentum, and current data indicates that a new movement is coming that could be very profitable for those prepared. Here’s the plan:
Quick Technical Analysis:
Current Price: $0.22704
Recent High: $0.25970
RSI: 58.9 – in the positive zone, not yet overbought.
Bollinger Bands: Recent price explosion above the upper band, and now retesting – a classic scenario for a rebound.
MACD: Still in the positive crossover, momentum is slow but steady.
Entry and Profit Plan:
Current Entry Point (Strong): $0.225 – $0.228
Entry on Additional Dip: $0.215 – Major support before the surge.
Short-Term Targets:
First Target: $0.245
Second Target: $0.259 (previous peak)
Stop Loss: Daily close below $0.209
Why is this strategy special?
DOGE is experiencing high trading volume (over $1.5 billion in 24 hours).
The current correction is healthy and may represent an excellent entry area before another rebound.
The repetition of explosion and retest patterns makes entering at this level very sensible for traders.
> If you are waiting for a signal... this is it. The timing is perfect before a new surge.