DOGE/USDT trade is currently at $0.17167, showing a -5.03% decline. Here are some key indicators to consider:
Technical Indicators:
1. Moving Averages (MA):
MA(7) = 0.17620 (Short-term trend is bearish)
MA(25) = 0.18805
MA(99) = 0.17579
The price is below the 7-day and 25-day MAs, indicating a short-term downtrend.
2. MACD (Moving Average Convergence Divergence):
MACD = -0.00259 (Bearish momentum)
DIF and DEA are negative, signaling a potential further decline.
Entry Strategy
Wait for confirmation that DOGE holds support at $0.168 - $0.170.
Enter a position if price bounces off this support level with volume increasing.
Exit Strategy
Profit Target: $0.188 - $0.190 (near MA(25) resistance).
Stop Loss: $0.165 (below recent low to prevent heavy losses).
