DOGEUST trade ideas
DOGE Dogecoin 8hr potterboxDOGE coin 8hr potterbox Doge coin looks like its trading below the 50 percent line or cost basis. it could go as low as the floor of the box around 35.687 ish. Thats what i like about this strategy . it gives you a idea of where the stock is heading. theoretically. you can watch it work right here. lets see where it goes. According to the box it should only goes as low as the floor of the box. Maybe hang out there a awhile until it decides what its going to do. its the battle between the buyers and sellers. it might take a few days for this to happen. and it could happen today. these coins seem to be very volatile and tied to the social goings on . but hey lets make some money. We shall see. Trade accordingly. not financial advise.
Doge / UsdtBINANCE:DOGEUSDT
Doge Channel Price Analysis 📉:
The current price of Doge has recently encountered multiple rejections at the 0.39211 level 🚫, which is acting as a strong resistance. This means that the price has attempted to break above this level several times, but it has been unable to maintain its position above it. If the price continues to face rejection at this level, there could be more downward pressure ahead, with potential retests of lower support zones.
Resistance Level:
The immediate resistance area to watch is 0.39211 🔴. If the price fails to break above this resistance, it may struggle to move higher. However, if Doge manages to break through 0.39211, the next significant resistance comes in at 0.43243 💥. This is a critical price point that could signal a potential bullish breakout 🚀 if the price is able to push past it with strong buying momentum. Breaking through 0.43243 could open the door for further upside, and we may see Doge move higher toward new levels.
Support Areas:
On the other hand, if the price starts to decline, the first major support area to watch is 0.3573 🛑. This is a key level where the price could find buying interest and potentially bounce upward. If Doge fails to hold at 0.3573 and continues to fall, the next support level comes at 0.2843 🔻. This would be a critical point where the price could find significant support, and it might attract buyers looking to step in at a lower price. A bounce from this support could set the stage for a potential reversal and upward movement toward the resistance levels once again.
What to Watch For:
If the price respects the support areas at 0.3573 and 0.2843, we could see a reversal of the downward trend, with potential for a retest of the 0.39211 resistance. The price might start to move upward, especially if buying volume increases. 📈
On the flip side, if the price breaks below 0.2843, it may signal further downward momentum, and we might need to look at even lower support levels for potential price stabilization. ⚠️
In essence, Doge is currently in a crucial price channel, with multiple attempts to break resistance at 0.39211. If the price manages to break through the resistance, it could set the stage for an upward move to 0.43243. However, if it fails to hold the support levels at 0.3573 and 0.2843, we could see more downside. 📉
Key Takeaways:
Resistance at 0.39211 and 0.43243.
Support at 0.3573 and 0.2843.
Watch for signs of breakouts or bounces to determine the next potential move. 📊
Disclaimer: This is not financial advice ⚠️. Always perform your own research and due diligence before making any investment decisions. 📈💡
Doge update 20/11I am not seeing the strength I would have liked to see so what I am going to do is sit and watch price unfold. The levels I would like to remain intact is on the screenshot.
If a break below that low, I would assume short term shorts.
Quick edit, back above the highs which ran the highs will resume my bullishness.
Watch and shoot.
#DOGE 1H. Sideways movement and potential entry point. 11/20/24Elon Musk continues to actively support and promote this cryptocurrency, mentioning it in various contexts (e.g., tweets, interviews, news, etc.), which can influence the coin's price.
After a sharp price increase (a strong impulse), I expect its value to stabilize and remain at the same level for some time (sideways movement, as we see now).
Personally, I will wait for the right moment to open a long position around $0.322, which is considered a key entry zone due to its high-volume level (many pending orders, strong buyer presence).
Doge chartDoge small time frame chart.
Testing the water in small steps to see if this drops more or wants to go up.
Each level can reject to a lower one or offer support.
For bullish scenario you want T1 to become support and pump over T2 and that to become support also.
If price falls bellow danger area the setup is invalidated
DOGEUSDT Long IdeaWhile much has been made of Trump's appointment of Elon Musk to co-Lead Department of Government Efficiency, Speculators have been calling it a fundamental news for DOGE to hit the psychological $1.
Well, I reckon a 4hr 50ema retest could provide the fuel. It would be the base of a daily liquidity pool that seem to have invalid auction pending there. A 1D trend retest on the daily would be confirmation, as trend has not been retest, since the $0.15 area. A 2% risk for invalidation, and a target of 4hr liquidity pool with wicks waiting to get filled. Hopefully, that would fuel a push towards $1, but the pool fill 100% should return a 14.4RR.
DOGEUSDTI'm considering either a long or short position (2 scenarios) following the sharp drop and rise in Bitcoin, which has impacted Dogecoin. The coin is currently in an accumulation phase, and as I mentioned in my previous idea, a short-term drop in Bitcoin is expected, which should be followed by Dogecoin to fill sell-side liquidity.
During the manipulation phase, I anticipate a sharp revaluation of the asset to the price levels of 0.089-0.084. At that point, I plan to buy this coin and take profit around 0.11-0.107. If the buy-side liquidity is absorbed instead, I will consider a short-term short position from the 0.110-0.111 price range. My target in this case will be the sell-side liquidity, where I will close the trade and then buy the coin again from the zone of interest mentioned earlier.
It's important to remember that my ideas are not calls to action but merely opinions and recommendations.
DOGEUSDT more pump expectedSoon we can expect more pump here like the green arrows on chart.
We were expecting this pump and now we are in +400% pump:
wait for more pump here like green arrows now or after a short-term fall and retest our major daily support.
also BTC may start correction and short-term dump and then we have alt-coin season.
DISCLAIMER: ((trade based on your own decision))
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Doge → a quick analysishello guys!
Doge is so bullish in the high time frame!
but in a lower time frame, it formed a triangle pattern! a symmetrical one!
so if the price breaks down the triangle's bottom line we can get a short position toward $0.31!
but if the top line will broken then add more volume to your long position!
however, the blue area has a significant potential for getting a long position too!
let's see what is the Doge's purpose!
Doge update 19/11/24Good morning,
As you can see we have broken above that high which I believe we should now see continuation higher. It should run the highs created in this range and then continue on further.
We should see some support around 0.3830 to 0.37775
Should see it run the highs created and then up towards 0.54 to 0.60