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DOGEUSDT trade ideas

Dogecoin (DOGE): correction ahead?Dogecoin (DOGE) has recorded a spike in whale activities in the past 24 hours. Its large transactions surged by 63%, with whales moving 65.41 billion DOGE. This huge holding by the biggest players in the market represents 41% of Dogecoin’s total supply. The aforementioned surging whale activity suggests that large investors are taking positions, which may be accompanied by increased market volatility. A spike in whale transactions tends to precede potential significant price movements. When whales make such big moves on DOGE, the market usually follows through with their moves. This could, therefore, be an indicator that a big price move might be on the cards. Dogecoin social volume has been on an upward trajectory for the last three days. Social volume helps in the identification of some market sentiment. Historically, higher volumes of conversations result in new investor interest that puts up demand. Despite these encouraging signs, the stochastic RSI has just recorded a bearish crossover. This suggests that the market might face a small correction before any upward momentum could resume. Although Dogecoin has been flirting with a bullish breakout, this crossover suggests pulling back slightly before making its next move. Whale activity is high, and so is social interest. But the bearish stochastic RSI crossover is just a reminder that prior to any major price movement, short-term corrections are bound to occur. For now, holding firm and waiting for better signals might be the best approach.
Long
by paul_endeo
DOGEUSDT remains above Key Level of 0.10DOGEUSDT has successfully broken and closed above the key psychological level of 0.1000. Currently, the price action is consolidating, with the market bouncing off this important level, suggesting a strong support zone. The recent false breakout below the psychological level likely helped the market gather liquidity, which could fuel further upward movement. Since early August, the market has been in a consolidation phase, and there is an expectation that the price will attempt to move toward the top of the range by breaking through the downward channel. The target is the resistance zone around 0.10800
Long
by RTED_Investing
3
Is #DOGEUSDT on the Verge of a Major Bullish Move? Yello, Paradisers! Is #DOGEUSDT gearing up for a major breakout? Don’t miss this critical analysis! 💎#DOGEUSDT is currently sitting at a crucial demand zone of $0.10372, forming a Falling Wedge pattern. We've been monitoring this closely, and a potential price breakout above this level could signal a major momentum shift in favor of the bulls. If the demand holds, this could set the stage for a strong bullish move in the near future. 💎For this bullish scenario to play out, we’ll need to see #DOGECOIN break above the $0.11061 minor resistance level. If it can manage this breakout, our next target is the internal resistance zone at $0.18081—where we could see a significant rally. 💎But be cautious! If the demand zone doesn't hold, we might witness a pullback to the lower support area, around $0.09271-$0.08789. A daily close below this level would invalidate the bullish outlook and could lead to a deeper correction. Keep your focus sharp, Paradisers! This next move could be a game-changer. As always, patience and discipline are the keys to navigating these market conditions. Stay strategic and be ready for whatever comes next. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Major Trend Change Coming for DOGE Technical Analysis: 1. Descending Triangle and Key Support Levels: DOGE/USDT is currently trading within a descending triangle pattern, forming lower highs, indicating persistent selling pressure. This pattern is often a bearish continuation signal, but it can also lead to a bullish reversal if the price action changes. The key support level within this triangle is around $0.08500. This area has acted as significant support in the past and is crucial for the current price action. If this level holds, it could provide a base for a potential bullish move. A break below this support level could lead to further downside, targeting the next major support at $0.06000, which aligns with the lower boundary of the overall consolidation zone. 2. Potential Bullish Reversal and Confirmation: For a bullish scenario to unfold, it's essential to wait until the price reaches the zones of interest and shows a clear break of a previous lower high or a change in structure on a lower timeframe. This behavior would indicate a shift in market sentiment and could suggest that the downward trend is losing momentum. After identifying this change in structure or break of a lower high, we could potentially see a rally towards higher levels. The next significant target in this bullish scenario would be around $0.18000, which represents a substantial upside potential from the current price. 3. Breakout Scenarios and Targets: Bullish Breakout: If DOGE/USDT reaches the zones of interest and breaks a lower high on a lower timeframe, this could trigger a bullish reversal. The immediate target in this case would be $0.18000, indicating significant upside potential. Bearish Continuation: Conversely, if the price fails to show any change in structure and breaks below the $0.08500 support, it could confirm a bearish continuation. The target for this move would be the next major support level at $0.06000. 4. Risk Management and Entry Points: Traders looking to enter a long position should wait for a confirmed change of structure or break of a lower high within the zones of interest. Setting a stop-loss below the recent low at $0.08500 can help manage risk. For those considering short positions, a break below $0.08500 with confirmation could provide an entry point, targeting the $0.06000 support level. A stop-loss just above the descending trendline could be prudent to limit potential losses. 5. Conclusion: DOGE/USDT is at a critical juncture, trading within a descending triangle and nearing a key support level at $0.08500. Watching for a break of a lower high or a change in structure on a lower timeframe within the zones of interest will be key for determining the next major move. Traders should closely monitor the price action and look for signs of a trend reversal or continuation to make informed trading decisions. What signals are you watching for in DOGE/USDT's potential reversal or continuation? Share your insights and how you plan to approach this setup. _________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Long
by 3Commas
4
Lingrid | DOGEUSDT stays Above KEY Level of 0.1000The price perfectly fulfilled my previous idea. It reached the target level. BINANCE:DOGEUSDT has successfully broken and closed above the psychological level at 0.1000. Currently, the price action is consolidating and continues to bounce off this key level. It seems that the market has taken liquidity from below the psychological level, creating a false breakout. Since the beginning of August, the market has been in a consolidation phase, and I expect the price to move toward the top of the range by breaking through the downward channel. My target is resistance zone around 0.10800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
9
DOGEUSDT.1DIn this analysis of the Dogecoin/USDT daily chart, I closely observe the interplay of various technical indicators and price movements to inform my trading strategy. Presently, Dogecoin is trading at approximately $0.10125, indicating a decline of 1.62% today. The price action has been constrained within a bearish trend, as indicated by the descending red trendline (R1). This suggests continued downward pressure. The immediate support (S1) at $0.08983 is crucial as it represents a key psychological level and a previous support zone. A breach below this point could trigger further declines, potentially testing the next support level (S2) at $0.07353. On the resistance front, $0.12871 (R2) stands out as a significant barrier that Dogecoin would need to surpass to confirm any reversal of the current bearish trend. Overcoming this resistance could shift market sentiment, possibly initiating a bullish phase. The Moving Average Convergence Divergence (MACD) is currently below the signal line and close to the zero line, reflecting the lack of strong momentum and confirming the bearish sentiment depicted by the price action. The Relative Strength Index (RSI) sits at 47.68, which is in the neutral zone. This level indicates neither overbought nor oversold conditions, suggesting a lack of decisive momentum in either direction. This warrants close observation for any potential shifts that could indicate an emerging trend. In conclusion, the technical setup on the Dogecoin chart leans bearish, with key support at $0.08983 under threat. My strategy will involve closely monitoring this support level for potential breakdowns, which could offer short opportunities. Conversely, any movement towards and above the resistance at $0.12871 could warrant a reassessment towards bullish strategies, particularly if accompanied by stronger volume and positive shifts in broader market sentiment.
Long
by MarsSignals
2
Trading Idea: Dogecoin Support Level StrategyCurrent Support Level: Dogecoin (DOGE) has reached a key support level. Bounce Scenario: If the price holds this support, we could see a bounce from here, offering a potential long entry opportunity. Breakdown Scenario: However, if the price breaks below this support, it could signal further downside, with the next target being the next support level. Confirmation: Wait for a clear bounce or breakdown confirmation before entering. A strong bounce would suggest upward momentum, while a close below the support with increased selling pressure would confirm the breakdown. Risk Management: If entering on a bounce, place a stop-loss just below the support. If entering on a breakdown, place a stop-loss slightly above the broken support level to manage risk.
by rebenga93
DOGE wait for breakThe Doge/USDT pair on the 1-hour chart has broken out from a symmetrical triangle, indicating a potential bullish trend 📈. Analysis: - Entry: Between 0.10558 and 0.10663 could be a good buy zone 🎯. - Take Profit (TP): Target is set at 0.11238 to 0.11242, a key resistance level. Watch for potential reaction at this level 🏁. - Stop Loss (SL): Placed around 0.10267. If this level breaks, it's best to exit to avoid further losses 🛑. Key Points: - Risk to Reward: The risk/reward ratio is favorable, offering a solid profit potential 💼. - Continued Move: If the price breaks above 0.10798 and holds, the probability of reaching the target increases 📊. Signal: - Buy (Long) between 0.10558 with a target of 0.11238 and a stop loss at 0.10267 🚀.
Long
by ahmadarz
3