Hello, Traders!
DOGE ended its uptrend and lost 77% of its highs in value.
The market is under selling pressure, with DOGE also under selling pressure. Buyers hold $0.177 as a strong support level.
Those who believe in the "DOGE Power" and want to earn in case of its growth should hoard position in parts.
The first part can be taken in the range of $0.177 - $0.220.
The second, in case of further decrease in the range of $0.115 - $0.145.
Target price levels would be
$0,32
$0,40
$0,54
$0,70
The stop-loss order will depend on your risk management and the amount of money you allocate to a trade.
All risks need to be considered, and you should not open a trade with more than 10-15% of your trading deposit. It is always important to follow the basics of risk management.
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered financial advice
DOGE ended its uptrend and lost 77% of its highs in value.
The market is under selling pressure, with DOGE also under selling pressure. Buyers hold $0.177 as a strong support level.
Those who believe in the "DOGE Power" and want to earn in case of its growth should hoard position in parts.
The first part can be taken in the range of $0.177 - $0.220.
The second, in case of further decrease in the range of $0.115 - $0.145.
Target price levels would be
$0,32
$0,40
$0,54
$0,70
The stop-loss order will depend on your risk management and the amount of money you allocate to a trade.
All risks need to be considered, and you should not open a trade with more than 10-15% of your trading deposit. It is always important to follow the basics of risk management.
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.