🟢🔵🔴 SPOT DOGE/USDT 🔵🔴🟢
- Entry Point: If the price maintains the upward trend and surpasses the resistance level at 0.1750, you can enter a buy trade.
- Entry Confirmation: Ensure that the Relative Strength Index (RSI) does not exceed 70 to avoid buying in overbought conditions.
Exit Strategy ⚠️
- Exit Point: Set a resistance level at 0.1800 as the first target. You can set a second target at 0.1850.
- Exit Confirmation: If the MACD indicator starts to decline or shows signs of reversal, it may be a good time to exit.
Stop Loss 🚦
Set a stop loss point at a support level around 0.1650. This will help you minimize losses in case of an unexpected pullback.
🔴 Try to maintain a 1:2 ratio, meaning if you risk 0.01, your profit target should be 0.02.
- Monitor the market regularly and be prepared to adjust your strategy based on price movements.