DOGE - Trading Strategy for June 7, 2025

$DOGE

#futurestraders

#memecoin🚀🚀🚀

#ElonMusk

Below is the medium-term trading strategy for DOGE/USDT based on technical analysis and the current market situation:

🟢 Long Strategy

• Buy Zone: 0.169

• Stop-loss (SL): 0.167

• Take-profit (TP): 0.189  

🔴 Short Strategy

• Sell Zone: 0.194 – 0.200

• Stop-loss (SL): 0.210

• Take-profit (TP): 0.172  

📊 Market Situation

• Current Price: ~0.1862 USDT

• Near Resistance: 0.192 – 0.200

• Strong Support: 0.169 – 0.170 

DOGE is trading near a strong resistance zone at 0.192 – 0.200. If it cannot break through this zone, the likelihood of a correction to the support at 0.169 – 0.170 is high.

⚠️ Important Note

• The market is being affected by tensions between Elon Musk and Donald Trump, causing strong fluctuations for DOGE.

• If DOGE breaks below the support at 0.169, it may drop further.

• Keep an eye on BTC's price action; if BTC drops significantly below a critical level, consider reevaluating the trading strategy. 

$DOGE