Hello everyone, let's take a look at the DOGE to USDT chart on the 1 day timeframe as you can see the price is moving below the downtrend line.
Let's start with setting targets for the nearest future that we can take into account:
T1 = $ 0.05859
T2 = $ 0.06461
T3 = $ 0.06931
and
T4 = $ 0.0740
Now let's move on to the stop loss to keep in the event of further market declines:
SL1 = $ 0.05582
SL2 = $ 0.05441
SL3 = $ 0.05301
SL4 = $ 0.05118
and
SL5 = $ 0.04894
Looking at the CHOP indicator, we can see that in the 1-day interval the energy is slowly starting to bounce back, and the MACD indicator shows that we are in a downward trend, while the blue line is approaching the red one.
Let's start with setting targets for the nearest future that we can take into account:
T1 = $ 0.05859
T2 = $ 0.06461
T3 = $ 0.06931
and
T4 = $ 0.0740
Now let's move on to the stop loss to keep in the event of further market declines:
SL1 = $ 0.05582
SL2 = $ 0.05441
SL3 = $ 0.05301
SL4 = $ 0.05118
and
SL5 = $ 0.04894
Looking at the CHOP indicator, we can see that in the 1-day interval the energy is slowly starting to bounce back, and the MACD indicator shows that we are in a downward trend, while the blue line is approaching the red one.