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Dogeusdtlong

Will it break out?Hi traders, Important levels are indicated in the chart. I am gonna buy it in ping area while I will stop loss in purple area. As it can be seen in the chart, there is a fakeout. Even there is a breakout, the price has been consolidating toward the trend line. Many breakout pattern has similar pattern. Basically, before breakout, price moves near the trendline then there will occur huge volume. To understand this consolidation better, we may use Volume Profile. I've drawn two vertical line. In that area, there has huge buy and sell volume, which shows there are many trades with huge volume happened in that price range. On top of that, 200-MA and 200-EMA supports the TA: Around pink area, price may get bounce. So, my strategy is simple. Buy around pink area, sell 25% of it around the trend line. If it breaks out, carry the position until the uptrend get disturbed. Otherwise, sell the rest.
Long
by bahadirkisbet
1
Possible 20%Hi traders, As you know, DOGE broke out its downtrend. So I was expecting a re-test which happened actually. However, I missed the opportunity. In my opinion, there could 3 scenarious. 1- Price closes in demand area and go up 2- Price hits the downtrend again and go up 3- Price just falls. For the firsst and second cases, I am gonna buy DOGE partially. First buy is about the demand area indicated as grey area. The second buy will be on the trend line. My stop level is about 4-5% from the demand area. To be honest, from the general perspective of market, I am bullish. That is why I believe it will go up. In any case, do not forget to put stop loss. Stay safe traders.
Long
by bahadirkisbet
2
Simple analysis for Dogecoin* Dogecoin is in a healthy uptrend respecting the below ascending trend-line as support creating higher-highs and higher-lows. * It even has a strong support zone around $0.265. * Every time the price moves to test the lower trend-line (support) it bounces back up creating a new higher-high. * Doge is now in a tight consolidation between a support of trend-line 1 and the resistance as the upper trend-line. * If the price breaks the resistance we can expect a bullish move till $0.35
by Coinpedia-Market-Insight
DOGEUSDT SPOT BUYINGDOGEUSDT trading inside a triangle, also making a cup and handle. Why am I so interested in buying DOGEUSDT now? It's because the technicals are aligning with the fundamentals perfectly. YES! its because the 26th of August is International Dog day. Well I am a trader and I have to depend on both these factors, mostly the technicals. The structure looks good. So Yeah I am interested in accumulating doge at the moment. I will trade it on spot and will take multiple entries.
Long
by ahson007