today Trade Position – Long (Buy)
📈 Entry Price: 0.23408
The Supertrend indicator suggests a buy signal at this level.
The price is currently near the 0.236 Fib level, which could act as support.
🔻 Stop Loss: 0.23257
Setting the stop loss just below the 0.236 Fib retracement prevents unnecessary loss if the price drops.
🚀 Take Profit:
First Target: 0.24365 (0.5 Fib Level) ✅
Second Target: 0.24740 (0.618 Fib Level) 🔥
Alternative Trade – Short (Sell)
If the price drops below 0.23257, a sell position could be considered:
📉 Entry: 0.23257
🔻 Stop Loss: 0.23408
🚀 Take Profit:
First Target: 0.22778 (0.0 Fib Level) ✅
Second Target: 0.22250 (lower support zone) 🔥
Risk Management
✅ Risk-Reward Ratio: Aim for at least 1:2 to maximize profit potential.
📊 Volume Consideration: Ensure sufficient liquidity before entering trades.
🧐 Monitor: Keep an eye on market trends and news events that may affect DOGE.
$DOGE
