🛑 Stop-Loss: $0.162 (Daily close below recent support)
📉 SHORT Setup (Aggressive Trade) ✅ Entry Trigger:
Breakdown below $0.166 with strong selling volume
BTC weakness (e.g., drops below $108,000)
🎯 Targets:
First Target: $0.160
Second Target: $0.150 - $0.142
🛑 Stop-Loss: $0.170 (Above recent swing high)
⚠️ Risk Alert ✔ Max 2-5% portfolio exposure due to meme coin volatility. ✔ Watch BTC dominance shifts closely; Bitcoin's movements have a significant influence on DOGE's price. ✔ Avoid overleveraging (high volatility can lead to rapid liquidations). ✔ The inflationary supply of DOGE (5 billion new coins mined annually) is a long-term factor to consider for sustainability, unlike Bitcoin's fixed supply.
📌 Final Verdict 🔵 Long-Term: Accumulate at $0.160-$0.150, considering the historical strong support at $0.16 and potential macro cycle highs projected by some analysts towards $0.24 and even higher in 2025. 🔴 Short-Term: Trade the range between $0.166-$0.173, with potential to target $0.175 - $0.185 on a strong breakout. ⚡ High Risk: Short only if $0.166 breaks decisively with strong bearish confirmation.