Doge/USDT Short TradeThere is still room for Doge to go lower. PoC acting as resistance is a good confirmation.
Entry level is around PoC of Doge
Stop Loss level right above previous high or above PoC
TP level will be around VaL of Doge
Dogeusdtshort
Doge Risky Swing Short Idea DCA shorting with close SL.
Prediction of TOP here.
Catching a knife here.
Entry above 0.43000
Stop loss 0.44200
Note: Not a Financial Advise.
DOGEUSDT.P Short Position | 15m15m Asia kill zone took yesterday's complete buy-side liquidity (LQ), I took a short position after a 15-minute bearish confirmation.
DOGEUSDT shortWe have a nice rejection down breakout out from a nice support , giving us a nice fvg on the m30 , i will potentialy look for a sell to 0.1000 😁
DOGEUSDT.P | Short Term | Selling Opportunity15m : Took all the buy-side lq and mitigated 15m supply zone
take the short position after 1m bearish confirmation
DOGE/USDT - Bearish Outlook at Key Resistance ZoneKey Resistance Area:
DOGE/USDT has encountered a significant resistance area, coinciding with the formation of an XABCD harmonic pattern. This area is crucial as it aligns with the 4-hour trendline, indicating a strong barrier to further upward movement.
Bearish Expectations:
Given the confluence of resistance factors, we anticipate a bearish move from this point onward. The combination of the key resistance level, harmonic pattern formation, and alignment with the trendline suggests increased selling pressure in the near term.
Trade Recommendation:
- Entry: Consider entering short positions near 0.2024, aiming to capitalize on the anticipated bearish momentum.
- Stop Loss: Place a stop loss order near 0.2310 to limit potential losses in case of unexpected bullish movements.
- Take Profit Targets:
- TP-1: 0.1752
- TP-2: 0.1470
- TP-3: 0.1164
Conclusion:
Based on the technical analysis, a bearish outlook is favored for DOGE/USDT. Traders are advised to exercise caution and adhere to risk management strategies when executing trades within this volatile market environment.
#DOGEUSDT: 03/04/2024Dear Traders,
Welcome back hope you all had great holidays.
BINANCE:DOGEUSDT possible downtrend to continue; we have seen crypto rally in recent time, and we may see some correction in the market. Smart entry would be when price fill the liquidity void area, that is where we can take sell entry. Remember, cryptocurrencies remain too volatile compare to forex. So if you are new then please use proper risk management and have a enough knowledge before you take any positions.
DOGE Technical Analysis and Trade Idea#DOGE #Dogecoin exhibits a bearish bias, highlighted by a decisive break of structure on the daily timeframe. Approaching a key resistance zone, the pair appears overextended. The accompanying video explores a potential selling opportunity if prioce action plays out as described in the video. Please note: this analysis is for educational purposes and does not constitute financial advice.
Doge Swing Fail Can be devastatingAlready in a swing low leverage short from the top around 0.08900.
Now adding leveraged position to this if this failed to goes above i think this can crash.
Having an entry from the top is letting me add margin without too much risk.
Added margin above 0.08650.
Closing whole position 0.08830 flat stop.
Note: Not a Financial Advice
DOGE → Hinting at a Drop! Are we going back to $0.05?Dogecoin is starting to show signs of converting to a trading range after a strong bull run. We have a potential double top reversal pattern playing out after three good pushes to the upside. Does that mean we're heading down?
How do we trade this? 🤔
Three pushes up, potential double top reversal pattern, RSI at 62.00 and below the Moving Average, these are the key data points that should bring us caution when the thought to long crosses our mind. What we're missing right now is a confirmation candle and a lower low to give us enough probability to enter a short scalp and maybe a partial swing.
A final sell signal at the Previous High of $0.10750 would be ideal, giving us enough range for a 1:3 Risk/Reward Ratio. Using my favorite approach, take half profits at $0.10 (1:1 Risk/Reward), move your stop loss up to your entry price, then swing the remainder to 1:3 Risk/Reward at $0.09.
💡 Trade Idea 💡
Short Entry: $0.10500
🟥 Stop Loss: $0.11000
✅ Take Profit #1: $0.10000
✅ Take Profit #2: $0.09000
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Three Pushes Up, Potential Double Top Reversal.
3. Could convert to Trading Range between $0.0875 and $0.10750.
4. RSI at 62.00 and below Moving Average. Bias to Short.
5. Bitcoin is running hot to the upside, risk of trend change.
⚠️ 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 comment if you found this analysis useful!
DOGE : RALLY before OR after XMas?Hi Traders, Investors and Speculators of Charts📈📉
As seen on the chart, I've highlighted some potential signs that will help to determine whether we can expect a rally before the 25th or after the 25th / in 2024 :
- If Doge is getting ready for a rally before the 25th, we can expect to see some higher lows. Currently we're trading lower than we did two weeks ago this time.
- If Doge continues to trade range, it's more likely for another wick towards the lower support zone before we observe a breakout.
The price action over the next two weeks will indicate whether or not we can still expect a rally this year, or only next.
For the short term, I'm leaning towards lower price action on DOGE, expecting one more wick towards the lower support :
The main reason for my short sentiment, is the clear bearish technical indicator in the short term:
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BINANCE:DOGEUSDT BINANCE:DOGEUSD
DOGEUSDT likely to head to daily support around 0.735On lower time frame, it seems the price wants to revisit the daily support from where it has bounce a couple of time in past week. The price was rejected from the confluence of weekly and 4h resistance current trading below it. I think the probability of it hitting the daily support DS1 is high and therefore a long is not favorable here.
Doge ready for correction (Short)I expect an awesome short opportunity from the area highlighted in the chart after hitting the order blocks and grabbing liquidity a sharp move down.
The chances for it getting there are not much but since that's the setup I'm looking for, Let's wait for it!
NFA
DOGEUSDT at weekly resistance, retrace to weekly support likelyThe price has hit the weekly resistance. A short shall be favorable here but since the price has a strong momentum, it is very risky. Still I am going with a limited risk here.
DOGEUSDT likely to hit daily support before moving upDOGEUSDT hast been trending down for a while after getting rejected from the daily resistance DR2 and then DR1. Now it is trading between weekly resistance WR1 and daily support DS1. The likelihood of the price to visit daily support DS1 is high. If the price hits that support, it should have a good bounce from there. A predictive path of the price action for this trade to play out has been depicted on the chart. Lets target first the price to hit DS1 and then we update this idea regarding the long paths of this trade.
DOGEUSDT heading down towards weekly support areaThe price has hit the second 4h support area and is likely to break it. From the price action it seems that there is a high probability of price aiming towards the daily + weekly support area around 0.08100.
DOGEUSDT heading for daily supportAs mentioned in the last post, price moved up and touched the weekly resistance before moving down.
Now it seems price might be headed for the daily support region as marked in the chart. This daily support has already been tested after the breakout from that level.
DOGE AftermathMega twitter pump. I expect this to go up, however both sides are illustrated.
Res at 15c, after that 17c.
Big trend support created from start of pump lays below, though before that is a a fresh established support at 10c.
Fomc illustrated at the exact time it drops, volatility will come in.
Will update.
Trading opportunity for DOGEUSDTBased on technical factors there is a Short position in :
📊 DOGEUSDT
🔴 Short Now 0.07850
🧯 Stop loss 0.09741
🏹 Target 1 0.06755
🏹 Target 2 0.05350
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
dogeusdt short time last deepaccumulation faze babe!
do what whales do !
doge coin price is mad high and time for correction
DOGEUSDTprice should go down and retest the breakout point
also buying twiter by elun musk had effected price how ever we have not thing change in coin project
buy the rumor sell the news
DOGE/USDT :: Rise or Fall ?DOGE/USDT :::
It is currently moving in a downward channel .
There is strong support in the 0.049 range ::
1: If it is broken, it will continue its movement until the next support .
2: And if it gets good support in this range and can break the ceiling of the current channel, it will grow well .
So what do you think !?
