#DOGE READY TO EXPLODE OR BREAKDOWN? KEY LEVELS TO WATCH
Yello Paradisers! Are you paying attention to #DOGEUSDT? This setup looks too good to ignore. #Dogecoin is sitting at a make-or-break level:
💎#DOGE is currently in a corrective phase following its impulsive five-wave rally (1-2-3-4-5). The price has been consolidating inside a broadening descending channel, forming a classic A-B-C correction pattern. Right now, #DOGE is hovering around a major support zone between $0.1444 and $0.2024—a crucial area where buyers need to step in.
💎For bulls to take control, we need to see a breakout above the descending resistance. If #DOGEUSD manages to break out convincingly, the first target is $0.30, followed by a potential rally toward the strong resistance zone at $0.48-$0.60. But remember, if there is no breakout, there will be no bullish confirmation.
💎The support zones between $0.20-$0.14 are very important. What if #DOGE fails to hold support? The bullish setup will become invalid if the price breaks below the $0.14 level. This could open the door for a deeper drop, potentially pushing DOGE below $0.10, where the market would need to find fresh buyers to avoid a complete breakdown.
💎If RSI and MACD show bullish divergence near the support zone, this could signal the end of the correction and the start of a new impulse wave. But without this confirmation, the risk of further downside remains.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎#DOGE is currently in a corrective phase following its impulsive five-wave rally (1-2-3-4-5). The price has been consolidating inside a broadening descending channel, forming a classic A-B-C correction pattern. Right now, #DOGE is hovering around a major support zone between $0.1444 and $0.2024—a crucial area where buyers need to step in.
💎For bulls to take control, we need to see a breakout above the descending resistance. If #DOGEUSD manages to break out convincingly, the first target is $0.30, followed by a potential rally toward the strong resistance zone at $0.48-$0.60. But remember, if there is no breakout, there will be no bullish confirmation.
💎The support zones between $0.20-$0.14 are very important. What if #DOGE fails to hold support? The bullish setup will become invalid if the price breaks below the $0.14 level. This could open the door for a deeper drop, potentially pushing DOGE below $0.10, where the market would need to find fresh buyers to avoid a complete breakdown.
💎If RSI and MACD show bullish divergence near the support zone, this could signal the end of the correction and the start of a new impulse wave. But without this confirmation, the risk of further downside remains.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
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Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
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Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.