DOGE/USDT
š *Current Market Summary (1W chart)*
- *Price:* 0.17102 (below EMA20 EMA50)
- *Trend:* *Bearish* (downtrend continues)
- *Indicators:*
- *MACD:* Bearish, below zero
- **RSI / Wm
- *Volume:* Decreasing ā weak momentum
ā
š *Signal: SHORT (with caution)*
*Reasoning:*
- Price is trading below EMA20 and EMA50 (clear downtrend)
- Bearish MACD histogram
- Failed to hold support near0.20
- You are already in a *losing long position* (PNL -451.29), so either:
- *Set stop-loss* near $0.16300 to avoid further loss
- Or *hedge* by opening a small short if BTC and altcoins continue to drop
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ā Safer Options:
- *Wait for reversal signals* (MACD cross, bullish candle above EMA20)
- *Scalp short trades* on lower timeframes (15m/1h) if trend stays bearish