#IntradayTrading Signal for $DOGE /USDT

The 15-minute chart shows a strong downtrend, with DOGE experiencing a 7.31% decline.

The price is currently near its intraday low, and a small bounce attempt is forming with increased volume.

Trading Plan

1. Entry Point:

Long (Buy) Entry: If price stabilizes above 0.2250 USDT and forms a bullish pattern (e.g., double bottom or bullish engulfing)

Short (Sell) Entry: If the price breaks below 0.2240 USDT, indicating further downside movement.

2. Stop Loss:

For Long Position: Below 0.2220 USDT (to avoid downside risk)

For Short Position: Above 0.2280 USDT (to avoid short squeeze)

3. Take Profit Targets:

For Long Position:

TP1: 0.2300 USDT (minor resistance)

TP2: 0.2350 USDT (previous support turned resistance)

TP3: 0.2420 USDT (strong resistance zone)

For Short Position:

TP1: 0.2220 USDT (next support)

TP2: 0.2200 USDT (psychological level)

4. Support and Resistance Levels:

Support Levels:

0.2240 USDT (current support)

0.2220 USDT (next strong support)

Resistance Levels:

0.2280 USDT (short-term resistance)

0.2350 USDT (mid-term resistance)

0.2420 USDT (major resistance)

Trading Suggestion:

If price holds above 0.2250 USDT, consider a long entry with targets at 0.2300 and 0.2350 USDT.

If price breaks below 0.2240 USDT, consider a short position targeting 0.2220 and 0.2200 USDT.