DOGE is setting up for another potential move, and the blue box on the chart marks a demand zone that could act as the launchpad.
Despite recent market turbulence, DOGE’s story isn’t over yet—it’s merely finding its footing for the next leg up. Here’s why this zone is worth your attention:
Why the Blue Box is Critical: Established Support Zone: Historically, DOGE has bounced from similar levels, with buyers stepping in to reverse bearish trends. This blue box marks an area where demand has consistently outweighed supply.
Volume Backing: A significant cluster of trading volume at this level indicates strong interest from both institutional and retail players, making it a pivotal price point.
Momentum Reset: After a cooldown phase, DOGE appears to be consolidating near this zone, potentially gathering strength for another move.
Fibonacci Sweet Spot: The demand zone aligns with key retracement levels, further validating it as a prime area for a bullish reversal.
How to Approach This Setup: Wait for Confirmation: Look for signs of strength within the blue box, such as bullish candlestick patterns, volume surges, or momentum divergences.
Manage Risk: Place stop-loss orders just below the zone to protect against potential downside while keeping your risk limited.
Profit Targets: Identify nearby resistance levels or Fibonacci extensions to plan your take-profit strategy.
DOGE Isn’t Done Yet: Don’t underestimate the power of community-driven momentum and DOGE’s historical tendency to surprise. This blue box represents more than just a technical level; it’s a battleground for DOGE believers who think the rally isn’t over.
If the demand zone holds, DOGE could be gearing up to prove that the hype isn’t history—it’s just getting started.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
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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.