The price of DOGE is around 0.163 USD, fluctuating in the range of 0.1614–0.1647 during the day. 24h trading volume ~385 million USD, market cap ~24.4 billion USD, up ~0.6% in 24h and ~5.5% in 7 days
🔍 DOGE/USDT trading strategy
🔻 1. Short Order
• Entry: 0.164
• Stop-loss: 0.169
• Take-profit: 0.159
• ✅ The price is touching the resistance area around 0.164–0.165 (daily high). The RSI on the short frame may indicate slight overbought. If BTC does not continue to rise and volume decreases, the possibility of a pullback is high.
• ⛔ If DOGE breaks through 0.165–0.167 with strong volume, then Short will be highly risky – potential for a strong squeeze.
💹 2. Long Order
• Entry: 0.156
• Stop-loss: 0.149
• Take-profit: 0.162
• ✅ The area 0.155–0.156 is a technical support in previous sessions. If the price falls back here with reversal candle signals (pin bar, bullish engulfing) on the 1h/4h timeframe, short-term surfing may be possible.
• ⛔ If it breaks 0.149 then the reversal signal is eliminated, may test back to 0.138–0.142.
• Short has a slight advantage because it is at the peak in the daily frame.
• Long is reasonable if the price pulls back below 0.156 and shows support signals.
⚠️ Risks and macro factors
• DOGE is a memecoin, highly volatile based on sentiment and news from BTC.
• If BTC surpasses 108,200 USD → Shorting DOGE becomes risky (easy to get squeezed).
• If BTC breaks 105,800 USD → Long DOGE is also at risk of strong pressure.
📌 Conclusion
• Prioritize opening Short around 0.164 if there are divergence signals/weak volume.
• Open Long if the price pulls back below 0.156 with reversal signs, take profit at 0.162.
• Strict SL, do not hold the order if BTC has unexpected movements.
• Strategy used for short-term scalp/swing, do not hold through major news.