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Dogelong

DOGE → Are We Heading to $0.30!? Or $0.10? Let's Answer.Doge had an 80% Weekly bull candle at the end of February followed by continued bull pressure into March. Where will Doge find resistance? How do we trade this? 🤔 The current market has a strong bullish sentiment. The 80% bull candle was followed by a tight trading range with more strong bull candles. We have yet to see a signal for pullbacks or reversals. We are on the second push up in the trend, leaving us the potential for one more. The RSI is currently at 78.00, which ought to give us some pause about the continuation of the bull action before a pullback. That is why I advocate waiting to enter a long until the price comes back down toward the Weekly 30EMA. It is reasonable to long scalp on a lower timeframe like the 4HR or even the Daily, but with a small position size and tight stop loss. Waiting for the pullback to the 30EMA is ideal for a long. 💡 Trade Idea 💡 Long Entry: $0.14 🟥 Stop Loss: $0.09 ✅ Take Profit: $0.29 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Two pushes up in a bull trend with a gap to close at $0.29. 2. 80% bull candle at the end of February signals strong bull strength. 3. Tight trading range after the February bull candle, likely a measured move up. 4. Long scalp on lower timeframe or wait for pullback to Weekly 30EMA to long. 5. RSI at 78.00 and above the Moving Average supports pullback before the next move up. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
DOGE Premium SigmalHey, folks, three days ago I gave you an entry idea. But today, I saw that the moderator blocked my signal for violating advertising rules. But you know what? I'm sharing this trading pair with you again. Our entry into the position is golden! We're already in profit, so we're moving our stop loss to break even. I know one of the market maker groups that pumped Doge from 0.7 to 0.21 has already exited their position, and another group has fully bought back in and is ready to hold Doge until the next targets! Have a great day, and please show more support for my analysis! 🚀🐕
Long
by HedonistTrade
Doge Bull Run ProjectionsAs alt coins gear up for the next market cycle Doge coin has seen alot of hype over the potential use case with twitter. The chart is the ultimate culmination of all buying, selling and the cycling there of. Twitter or no twitter Doge along with many other alts are leveling off and exposing their momentum. Applying current cycle price action to average market cycles produced by similar action we can begin to make some possible projections. This chart is a weekly line chart showing the current rate of progression matched up with the past outcome of similar action.
CRYPTO:DOGEUSDLong
by Degen-Dynasty
16
🚀🌕 Dogecoin Long Opportunity: Entry at Demand Zone and FVG💰Hey traders! 🎩💼 I trust you're all doing well. Here's an enticing trade proposition for BINANCE:DOGEUSDT (DOGE/USDT), offering not one but two potential entries. 1st Entry: 0.18157 We're initiating our first entry based on the presence of a demand zone (SMC). This strategic entry point presents a promising opportunity to capitalize on potential bullish momentum. 2nd Entry: 0.17400 Our second entry is triggered by a Fair Value Gap (FVG), adding another layer of confidence to our position. This secondary entry reinforces our conviction in the trade setup. (before reading further, follow, like and comment what you think about this idea...) Stop Loss (SL): 0.17058 To mitigate risk, our stop loss is set at 0.17058. This level acts as a safeguard against adverse price movements, ensuring prudent risk management. Target: $1 (Long-term Vision) 🎯 Now, our target is set at $1. But hey, we're not just staring at the stars here; we're ready to sell before the biggest TP hits if needed. (....and share) However, it's essential to exercise flexibility and consider taking profits earlier, albeit retaining a portion of DOGE. Elon Musk's tweets have historically influenced DOGE's trajectory, potentially propelling it "to the moon." This signal is based on SMC strategy... You also want to learn SMC strategy? Great, right it down in the comments!
Long
by smarttrader012
2
DOGE/USD T Bullish Momentum, Support Zones, and $1.60In this DOGE/USD trading analysis, we examine the market movements since 2021, highlighting the rapid rise in price that surpassed the previous all-time high (ATH) and extended into the TP (take profit) zone. Identifying major structural zones on the line chart, a common pattern emerges, signaling another potential bull run for this cycle. Support has been established around the $0.05 level, confirmed across weekly and monthly timeframes, after hitting our TP zone and displaying strong momentum. While we may have missed the ideal loading zone, indicated by the break through the bullish flag pattern, attention is drawn to potential loading zones around the $0.17 or $0.10 levels. A less likely scenario involves a retest of the $0.05 level, with the $0.10 mark showing stronger structure on the weekly timeframe. Current TP levels are set at $1.60, but caution is advised regarding the previous ATH, which may act as resistance. Scalpers should be cautious around the TP level, considering the previous TP level was surpassed. As always, it's essential to acknowledge that trading involves inherent probabilities, and the analysis provided here does not constitute trading advice. Traders are urged to conduct thorough research and manage their risks accordingly. Dollar-cost averaging is underscored as a prudent approach, with a reminder that investing often yields better results than frequent trading. Wishing all traders success and profitable trades. Keywords: DOGE/USD, trading analysis, bullish momentum, support zones, TP levels, loading zones, bullish flag pattern, resistance levels, dollar-cost averaging, investing, risk management, trading advice, scalping.
BINANCE:DOGEUSDLong
by PlutusX
Dogecoin Surges in Volume, Breaking Resistance: What's Next?Dogecoin (DOGE), the beloved meme-inspired cryptocurrency, has recently made headlines with a significant surge in trading volume. This surge has propelled it above the current uptrend resistance level from its recent lows, marking a potentially bullish turn of events for the quirky coin. Breaking Out of the Channel The recent uptick in trading activity has seen Dogecoin break out of its established channel, a move that has caught the attention of traders and analysts alike. Breaking free from this channel suggests a departure from previous price trends and opens the door to new possibilities for Dogecoin's price action. The Bull Pennant Formation As Dogecoin charts its course following the surge in volume, all eyes are now on the formation of a potential bull pennant. A bull pennant, characterized by a period of consolidation within a triangle pattern, could signify a period of temporary stability before another potential price breakout. Potential Scenarios While the current setup for Dogecoin appears promising, it's essential to consider potential outcomes. If Dogecoin successfully forms a tight bull pennant within the drawn triangle on the chart, it could signal further bullish momentum. However, failure to create this pennant, coupled with support failure, may lead to a retest of the 10 - 11 cents range, where uptrend major support lies. Looking for Buying Opportunities For traders and investors, a retest of the 10 - 11 cents range could present a significant buying opportunity. This level not only represents a critical support level within the current uptrend but also aligns with historical price action, making it an attractive entry point for those bullish on Dogecoin's prospects. Cautious Optimism While the recent surge in volume and breakout from the uptrend resistance level are encouraging signs for Dogecoin, it's essential to maintain a level of caution. Dogecoin is still trading under major resistance levels, and it's premature to assume the beginning of a full-fledged bull run. Conclusion Dogecoin's recent surge in volume and breakout from the uptrend resistance level have captured the attention of the crypto community. With the potential formation of a bull pennant and critical support levels to watch, the stage is set for an intriguing chapter in Dogecoin's journey. Traders and investors should remain vigilant, keeping a close eye on price developments and potential buying opportunities as the story of Dogecoin continues to unfold.
by UnknownUnicorn2319099
DOGE → Hitting The Bottom and About to Rocket Past $0.10? Doge pulled back 30% from its recent high just above $0.10, leaving the bulls to wonder if we're continuing to the downside or putting in new highs. Is this the time to enter a long trade? How do we trade this? 🤔 The answer is yes! We have several market indicators that point to a 1:2 Risk/Reward trade right here at this moment. We have three pushes down in our pullback from $0.10, 3 failed attempts to make lower lows in a trading range, and an RSI that is low and above the Moving Average; Bitcoin as a market indicator is showing signs of making another attempt toward the upside as well. We're 10% away from the Support zone with plenty of runway before hitting the previous high at $0.10. These are optimal conditions for a long trade. 💡 Trade Idea 💡 Long Entry: $0.0805 🟥 Stop Loss: $0.0705 ✅ Take Profit #1: $0.0905 ✅ Take Profit #2: $0.1050 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes down in the pullback from $0.10 2. Three failed attempts to break a new low in the trading range 3. 10% away from the Support Zone and 34% away from the previous high of $0.10 4. RSI at 43.00 and above the moving average which are ideal conditions for a long 5. Bitcoin showing signs of a move toward the previous high 💰 Trading Tip 💰 Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
3
DOGE Dogecoin Price TargetIf you haven`t sold DOGE after the bull run: nor reentered on the Double Bottom: Then you need to know that it potentially has a significant upcoming catalyst! The recent launch of XPayments has generated excitement around $DOGE. There is speculation about whether Elon Musk will fulfill his promise to accept #Dogecoin payments on X. The unveiling of a new payments account by X opens up the possibility of Dogecoin becoming a payment option. The GitHub account of X (Twitter) Developers apparently includes code mentioning DOGE. If an integration with X payments materializes, things could become very intriguing and fast-paced for Dogecoin and other dog-themed meme coins. 🚀 I am optimistic about Dogecoin's potential to achieve a new all-time high! With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market. Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies. As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm. This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days. My short term Price Target for DOGE Dogecoin is the next resistance, $0.11, or even the next one, $0.145.
Long
by TopgOptions