$DOGE
🚀 Buy Signal – DOGE/USDT 🚀
📍 Ideal Entry Zone (Cautious Buy Zone):
0.0985 - 0.1000
*Enter after confirming a candle close above 0.1000*
🎯 Profit Taking Targets:
Target 1 (TP1): 0.1017 (EMA21 Resistance on H1) ✅
Target 2 (TP2): 0.1037 (EMA50 Resistance on H1) ✅
Target 3 (TP3): 0.1066 (24-Hour High) ✅
⛔ Strict Stop Loss:
0.0965 (Directly below support at 0.09736)
📊 Reasons for Buy Signal:
• Oversold conditions on medium and short timeframes:
- H1: RSI at 38.70 (Close to oversold)
- 4H: RSI at 36.00 (Oversold)
• Price near the 24-hour low (0.09736) with a potential rebound
• Recent drop (-5.97%) creates an opportunity for a technical rebound
⚠️ Important Warnings:
1. Overall trend is down - this is a counter-trend trade
2. Risk is medium to high
3. Strictly adhere to the stop loss at 0.0965
4. The trade is short-term targeting only a technical rebound
🎯 Execution Strategy:
1. Enter at 0.0985-0.1000
2. Stop loss at 0.0965
3. Take 50% of the trade at TP1 (0.1017)
4. Move stop loss to breakeven upon reaching TP1
5. Take the remainder at TP2 and TP3
✨ Summary:
👉 Buy signal due to oversold conditions on H1 and 4H ✅
👉 Risk/Reward ratio is acceptable (1:2)
👉 Timing: Now (with a confirmed candle close above 0.1000)
👉 Expected duration: 1-3 days
📌 Note: This is a technical rebound signal, not a change in the overall trend