Today I tried selling Doge with a stop-loss order at 0.08304 and a take-profit order at 0.07921. Doge on the M15 timeframe. If we measure the trend strength from the price position against the moving average, sellers still have the advantage because the price is currently moving below the 200-day moving average (MA200). Therefore, the price is likely to continue falling.
Today, I was unlucky with Doge, as my open sell position hit my stop-loss, resulting in a loss of $3.82. Currently, Doge appears to be above the 200-day moving average (MA200) and has successfully formed a bullish engulfing candle. So, I think it's safer to look for buy opportunities in Doge today.
