DOGE - Trading Strategy for June 7, 2025
Below is the medium-term trading strategy for DOGE/USDT based on technical analysis and the current market situation:
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🟢 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  
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📊 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.
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⚠️ 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.