$DOGE
Dogecoin analysis is also here for mutual exchange and learning:
Below is a relatively detailed operational strategy example for your reference in the current Dogecoin contract market (approximately priced between $0.25 and $0.26): specific parameters need to be adjusted based on real-time market conditions and personal risk preferences.
1. Long (Buy) Strategy
1. Opening Position
• Observation Point: The current price is around $0.256, and a short-term pullback to the support range is expected.
• Entry Suggestion: It is recommended to wait for the price to pull back to the support range. If a pullback occurs around $0.248 and technical indicators (such as RSI approaching 30 or MACD showing a golden cross) confirm the support is valid, then consider going long.
• Example: When the price touches $0.248 and shows signs of rebound, a long position can be opened.
2. Stop Loss Position
• Stop Loss Setting: To prevent the risk of further market decline, the stop loss order can be set below the support level.
• Example: If entering at $0.248, the stop loss price can be set around $0.240 (approximately a 4% decline), so if the market breaks the support, it will automatically stop loss.
3. Take Profit Target
• Target Position: In a long position, the target can be set near the resistance.
• Example: The first target can be set at $0.265 (approximately a 7% increase). If the market continues, additional positions can be added in batches or the exit can be delayed, with a maximum target considered around $0.270.
2. Short (Sell) Strategy
1. Opening Position
• Observation Point: When the price approaches the resistance range, such as around $0.260–$0.262, and shows overbought signals (such as RSI exceeding 70 or MACD showing a death cross), consider going short.
• Entry Suggestion: It is recommended to open a short position when the price touches or pulls back near the resistance.
• Example: When the price meets resistance around $0.261 and starts to decline, consider going short.
2. Stop Loss Position
• Stop Loss Setting: To prevent losses from expanding due to further upward movements, the stop loss should be set above the resistance.
• Example: If going short at $0.261, the stop loss can be set around $0.265 (approximately 1.5%–2% above).
3. Take Profit Target
• Target Position: The profit target for a short position can be set near the support area.
• Example: Consider closing positions in batches when the price falls to around $0.250, achieving a profit of about 4%–5%.