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DOGE Perpetual Futures ContractDD

DOGE Perpetual Futures Contract

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DOGEUSD.P trade ideas

Analyzing Dogecoin's recent price movements.It has become evident that there's a consistent resistance level at $0.22, as seen on March 28th and March 31st, 2024. Similarly, a support level at $0.175 was established, with the price touching this point on March 26th and April 2nd, 2024. These patterns suggest that Dogecoin's price is stabilizing around the $0.20 mark. Given these observations, I believe we're currently presented with a valuable opportunity to continue accumulating Dogecoin. My strategy is aimed at setting a target sell price at $0.30, where I plan to sell 30% of my Dogecoin holdings. This approach is rooted in the hope that breaking past the $0.22 resistance could signal a strong upward momentum, potentially reaching new highs. To fellow investors, this could be an opportune moment to assess your positions and consider a similar strategy. While the crypto market is inherently volatile, the observed patterns in Dogecoin's price movements offer a glimpse into potential future trends. As always, ensure to conduct your own research and consider your financial situation before making any investment decisions
CLong
by BRyAN8800
DOGE Retest Brings Buying OpportunityMarket Downturn Impact: Dogecoin experiences a significant 17% drop amid a crypto market crash, highlighting its volatility. Entry Opportunity: The recent price fall creates a potential entry point for long-term investors and HODLers. Pressure on DOGE: With two consecutive red candles, DOGE retests the $0.18 mark, indicating bearish market sentiment. Bullish Attempt Signal: A dragonfly candle at $0.1850 suggests a bullish attempt to counteract the downward trend. DMI Indicator Cautions: A dip in the ADX line and a potential negative crossover in the VI lines signal caution. Fibonacci Retest Level: The retest at $0.18 aligns with the 50% Fibonacci level, suggesting strong bullish support. Potential Reversal: Signs indicate a possible reversal, with a chance to "buy the dip" for upcoming gains. Short-Term Forecast: If momentum regains, DOGE could target $0.2964, with immediate support at $0.18. Downside Risk: A continuation of the fall below $0.18 could push DOGE to retest the 50D EMA at $0.1532. $1 Price Speculation: Speculations about DOGE reaching $1 highlight the optimistic long-term sentiment among investors. Market Cap Context: Despite the drop, Dogecoin's significant market cap keeps it in focus as a leading meme coin.
BLong
by Coinpedia-Market-Insight
Riding the DOGE Wave: Buy Signal for DOGEUSD 1H - 1:3 RRRIn this trading strategy, we explore a potential long position opportunity for the DOGE/USD currency pair on the 1-hour timeframe. By combining the insights from key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim for a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 acts as a crucial indicator of the long-term trend direction. A rising EMA200 suggests a bullish bias in the overall trend, providing confirmation for potential long positions. MACD Trend: The MACD indicator helps traders gauge the strength and direction of the trend. A bullish crossover (when the MACD line crosses above the signal line) or divergence from the price action signals potential upward momentum, aligning with our long position strategy. Supertrend: The Supertrend indicator serves as an effective tool for identifying entry points in alignment with the prevailing trend. When the Supertrend line changes its color from red to green, it indicates a shift from bearish to bullish sentiment, presenting a potential entry signal for long positions.
BLong
by panjikadar
2
DogeUSD: playing out text book so farLast week I was watching $0.12 area closely. If there was a break of this area, it could have meant a potential disaster for the holders. But just like magic, price bounced sharply from that area and made a new high, confirming a full 5 waves move to the upside. Price can go up more to hit some proper fib extensions to bolster the move, but at this point anything is a bonus. Next move to watch is the retrace. Depending on where price tops out, I would expect 0.618 fib retrace zone to hold. Worst case 0.5 fib retrace area since it is an intermediate degree wave 2 retrace. The correction could last a few weeks to a few months. I would not like price to revisit $0.10 are again, but it can happen with a deep retracement. Doge is volatile and news driven, so big price movements are not surprising. But, testing back at $0.16 - $0.17 would be a text book thing to do to confirm the breakout. There is a longshot bearish case still lingering where the latest bull run could be a larger degree C wave. In that case, party is over friends and price is destined to go back sub $0.05. That is a long shot because a lot needs to go wrong for that scenario to play out and market as a whole need to collapse soon. For now, let's keep it in a back burner.
C
by mukit1
It's very possible. This is for the Haters.I made a post saying Doge to 0.09955. But also I see Doge going to 0.3399??? Tricky spot lol I most definitely see it, 60% surge to the upside 2days left before weekly close, low volume on the weekend to manipulate markets, end the Q1 bullish, start Q2 bullish. Is the Dollar going to pump or dump. It must dump for everything to stand true for Doge beginning of Quarter two a dump on the dollar? We would also be looking for a pullback on usdjpy? But what if it breaks out???
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by AXXUMULATIONINC