Currently, Dogecoin (DOGE) is showing a volatile price trend. Recent technical analysis indicates a strong bullish signal, with buy recommendations across key Moving Averages and several momentum indicators, such as the Relative Strength Index (RSI), suggesting a moderate buy position. Other indicators, like the Stochastic RSI, point to an "overbought" condition, implying that the price may face selling pressure in the near term.

$DOGE

For an entry buy on DOGE/USDT and setting a stop-loss (SL), here’s a suggested approach:

1. Entry Buy:

The ideal entry point is typically at a tested support area. Based on recent movements, the price range of 0.1900–0.1920 USDT appears to be a potential support level, making it a viable area for entry.

Alternatively, wait for a breakout above the nearest resistance level around 0.2000 USDT as confirmation for a buy position if the price shows strong bullish momentum.

2. Stop-Loss (SL):

Place the stop-loss below a significant support level, such as in the 0.1850 USDT or 0.1820 USDT range. If the price breaks below this level, it might indicate a potential bearish trend in the short term.

You can also use a 2-3% risk management rule of your total capital to set the stop-loss, which helps avoid large losses due to market volatility.

3. Take Profit Target (optional):

The take-profit target could be set near the next resistance level, for example, in the 0.2100–0.2150 USDT range, depending on the price movement and volume over the next few hours.

It's essential to monitor price movements regularly in the crypto market, as conditions can change rapidly. Keeping up with market updates can help you adjust your entry and SL strategy accordingly.