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Dogecoin / TetherUS PERPETUAL CONTRACT

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DOGEUSDT.P trade ideas

$DOGE - Bullish Continuation - Target 0.8$Looking at the DOGEUSDT Perpetual Contract 4-hour chart, we're seeing a remarkable parabolic uptrend that began in mid-October and accelerated significantly in November. The price action shows three distinct phases: First, there was a period of accumulation from August through September, where DOGE traded sideways around $0.10. Then, starting in October, we saw the beginning of a gentle uptrend with higher lows and higher highs. Finally, in early November, the price action turned parabolic, surging from around $0.20 to peaks above $0.45. What's particularly interesting is the current consolidation pattern forming near the highs. After reaching the peak, instead of a sharp reversal that often follows parabolic moves, DOGE has formed what appears to be a bull flag pattern between approximately $0.40 and $0.47. This type of consolidation after a strong upward move typically suggests the potential for continuation rather than reversal. However, there are a few important considerations to keep in mind. The angle of the ascent was quite steep, which historically can lead to sharp corrections when parabolic trends eventually break. The current consolidation could be either a pause before another leg higher or distribution before a larger correction. For traders looking at this chart, key levels to watch would be: - Support: The $0.40 level, which has acted as a floor during recent consolidation - Resistance: The recent high around $0.47 - Critical Support: The previous resistance turned support around $0.35
Long
by Achilly
DOGE/USDT Analysis$DOGE/USDT Analysis #DOGE Dogecoin is consolidating within a symmetrical pattern, suggesting a breakout could be imminent. The strong support zone at $0.38404 provides a solid base for a potential upward move toward higher levels. $0.38404, critical for maintaining bullish momentum. Target: $0.70504, representing a significant upside potential. Entry Point: Long positions can be considered near the $0.38404 support level or upon a confirmed breakout above the consolidation pattern. Stop Loss: Below $0.30691 to minimize downside risk.
Long
by Crypto_DUMP
doge usdt long!"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
by Golden_candle
DOGE might be setting up for the upswingAfter the false breakout of the massive consolidation area, DOGE is trying to bounce back of the bottom of the range and develop another leg up. Memecoin narratives remain to stay strong in the crypto marketplace, and DOGE is the leading cryptocurrency in the group, which is also driven by the political narrative. I consider long momentum trade in case of a breakout of a coil (small trading range), building on 30-minute chart. Don't forget - always DYOR and manage your risk at all times!
Long
by Stanislav_Bernukhov_Exness
DOGECOIN PRICE SPECULATION Since the bullish break out of dogecoin price we have seen price currently been ranging with potentials of a short bearish taking out the FVG then pull back into its bullish move💯. But however we may see different movements in the market which will make my earlier statement invalid. KEY ZONES TO LOOK OUT FOR❄️❄️ Bullish ⏩0.36657, 0.34123 Bearish⏩0.47921 Overall my bias for this Crypto is bullish but watch out for the zones I've indicated👌 Get as many dogecoins as you can if you're a holder and if you trade please apply proper risk 🙏 ✝️
Long
by preyemarine12