Dogecoin (DOGE/USD) Scalping & Mid-Term Analysis
🔥 Market Overview:
Trend: Bearish
Key Levels:
Resistance: $0.21, $0.22
Support: $0.20, $0.18
Indicators:
MACD: Weak bullish momentum, but still indecisive
RSI: 51.6, neutral zone, no strong signal
EMA 200: Strong resistance at $0.22
Liquidity & Volume:
Decreasing volume, market lacks strong momentum
Possible accumulation phase before a major move
🔥 Scalping Strategy:
🩸 1. Momentum Scalping (Short Bias)
Entry: Short at $0.21-$0.212
Target: $0.20 (-4.7%), $0.18 (-14.2%)
Stop-loss: Above $0.215
Expected Profit: 4.7%-14.2%
🩸 2. Range Scalping
Buy Zone: $0.20-$0.195
Target: $0.21 (+5.1%)
Stop-loss: Below $0.19
Expected Profit: 5.1%
🩸 3. Breakout Scalping
Entry: If DOGE breaks below $0.195
Target: $0.18 (-7.7%)
Stop-loss: Above $0.20
Expected Profit: 7.7%
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If DOGE fails to reclaim $0.21, further decline to $0.18 is likely
If DOGE breaks above $0.21, expect a retest of $0.22
Only a breakout above $0.22 will flip the trend bullish
🔥 News & Market Context:
DOGE recently broke below key support, indicating weakness
Lack of strong buying pressure
Market sentiment remains indecisive
🔥 Decision & Risk Rating (1-10):
🩸 Short-term (Scalping): Short bias, 7/10 (Profitable but needs confirmation)
🩸 Mid-term (Swing): Bearish, 6/10 (Still weak, potential downside)
🩸 Best Play: Short near $0.21 with a target of $0.20-$0.18
👑 Final Verdict:
Dogecoin remains weak, with no strong momentum. Short setups are preferable. If $0.21 holds as resistance, expect further downside.
🔥 FinCaesar's Statement:
"A trader without discipline is a gambler without luck."
Trend: Bearish
Key Levels:
Resistance: $0.21, $0.22
Support: $0.20, $0.18
Indicators:
MACD: Weak bullish momentum, but still indecisive
RSI: 51.6, neutral zone, no strong signal
EMA 200: Strong resistance at $0.22
Liquidity & Volume:
Decreasing volume, market lacks strong momentum
Possible accumulation phase before a major move
🔥 Scalping Strategy:
🩸 1. Momentum Scalping (Short Bias)
Entry: Short at $0.21-$0.212
Target: $0.20 (-4.7%), $0.18 (-14.2%)
Stop-loss: Above $0.215
Expected Profit: 4.7%-14.2%
🩸 2. Range Scalping
Buy Zone: $0.20-$0.195
Target: $0.21 (+5.1%)
Stop-loss: Below $0.19
Expected Profit: 5.1%
🩸 3. Breakout Scalping
Entry: If DOGE breaks below $0.195
Target: $0.18 (-7.7%)
Stop-loss: Above $0.20
Expected Profit: 7.7%
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If DOGE fails to reclaim $0.21, further decline to $0.18 is likely
If DOGE breaks above $0.21, expect a retest of $0.22
Only a breakout above $0.22 will flip the trend bullish
🔥 News & Market Context:
DOGE recently broke below key support, indicating weakness
Lack of strong buying pressure
Market sentiment remains indecisive
🔥 Decision & Risk Rating (1-10):
🩸 Short-term (Scalping): Short bias, 7/10 (Profitable but needs confirmation)
🩸 Mid-term (Swing): Bearish, 6/10 (Still weak, potential downside)
🩸 Best Play: Short near $0.21 with a target of $0.20-$0.18
👑 Final Verdict:
Dogecoin remains weak, with no strong momentum. Short setups are preferable. If $0.21 holds as resistance, expect further downside.
🔥 FinCaesar's Statement:
"A trader without discipline is a gambler without luck."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.