$DOGE
here are recommendations for entry buy and stop loss (SL):
1. Entry Buy:
You might consider an entry buy if the price manages to stay above the MA7 level (yellow line) or if there’s a significant breakout above the nearest resistance level around 0.2000 - 0.2050 USDT.
The entry buy confirmation could be stronger if buying volume increases or if the MACD crosses positively with the signal line.
2. Stop Loss (SL):
Place a stop loss below the nearest support level, which could be around 0.1850 USDT, the lowest level in the last 24 hours. If the price drops below this level, there’s a chance the trend may reverse to bearish.
Alternatively, you could set the SL below 0.1800 USDT to allow more room for price fluctuations while still minimizing risk.
3. Take Profit (Optional):
For a take profit target, you might consider the previous resistance level, around 0.2200 USDT. If the bullish momentum continues, this level could be reached as the first target.
Always apply risk management in line with your risk tolerance and pay attention to volume movement and other signals before making an entry decision.