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### Long Trade Setup
1. Entry Point:
- Enter between $0.0620 and $0.0640 (after a confirmed breakout above resistance or a retest of support in this range).
- Look for increasing volume and bullish signals (e.g., RSI > 50 or MACD bullish crossover).
2. Take Profit (TP):
- TP1: $0.0680 (minor resistance).
- TP2: $0.0730 (stronger resistance).
- TP3: $0.0780 (if momentum is strong).
3. Stop Loss (SL):
- Set at $0.0595 (below recent support).
4. Trade Duration:
- Swing trade: 1–7 days, depending on market momentum.
5. Contingency Plan:
- If price drops below $0.0595, close the trade and wait for a stronger support zone (e.g., around $0.0570).
- Monitor broader market sentiment (Bitcoin movements can heavily influence DOGE).
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### Short Trade Setup
1. Entry Point:
- Enter between $0.0680 and $0.0700 (after rejection from resistance with bearish confirmation, e.g., RSI < 50 or MACD bearish crossover).
2. Take Profit (TP):
- TP1: $0.0640 (minor support).
- TP2: $0.0600 (recent strong support).
3. Stop Loss (SL):
- Set at $0.0715 (above resistance).
4. Trade Duration:
- Swing trade: 1–5 days, depending on market volatility.
5. Contingency Plan:
- If price breaks above $0.0715, exit the trade and wait for rejection at the next major resistance level (e.g., $0.0750).
- Consider flipping to long if the breakout sustains with volume.
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### Key Indicators to Watch:
- RSI: Above 50 for long trades, below 50 for short trades.
- MACD: Look for crossovers confirming trend directions.
- Bollinger Bands: Use them to identify overbought/oversold conditions.
- Volume: Ensure strong volume supports breakouts or breakdowns.
