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Dogecoin / TetherUS PERPETUAL CONTRACT

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DOGEUSDT.P trade ideas

DOGE — RSI Signal 1D Chart — 28% Potential + High Reliability!Amongst many other tokens, DOGE flashed a promising bullish RSI signal on the daily chart. The trade potential has been calculated at 28% based on significant resistance levels. Looking at the backtest data, the RSI signal for DOGE proves to be quite reliable on the 1D chart. 92% of historical signals lead to gains of 5%. Moreover, gains of >10% were possible in 88% of historical signals. Trend indicators are mainly bearish (similar to most other altcoins at the moment). However, many momentum indicators, such as the RSI, WillR, Stochastic RSI, and others, provide oversold signs.
Long
by ben_walther
DOGE 4H Upside Potential 12-40%Trade Idea: Short Dogecoin (DOGE/USDT) **Current Price:** $0.12407 **Trend Analysis:** - The chart shows a downtrend with a descending trendline marked in red. - There is a potential continuation of the downward movement as the price is respecting the descending trendline. **Support and Resistance:** - Immediate support levels are indicated by the green dotted line below the current price. - Immediate resistance is marked by the red dotted line above the current price. **Trade Execution:** 1. **Entry:** - Enter a short position near the current price level of $0.12407, ideally at the trendline or slightly above it if the price retests the trendline and gets rejected. 2. **Stop Loss:** - Place a stop loss just above the trendline to minimize risk, around $0.12500 to $0.12600, depending on your risk tolerance. 3. **Target Levels:** - **Primary Target:** The next significant support level as indicated by the lower green dotted line, around $0.12200. - **Secondary Target:** If the downward momentum continues, the price may reach the lower blue box region, which could be around $0.12000. **Risk Management:** - Ensure the risk-to-reward ratio is favorable, ideally 1:2 or better. - Adjust the position size to limit the risk to a comfortable percentage of your trading capital, typically 1-2%. **Technical Indicators:** - Monitor volume to confirm the strength of the downward move. - Use additional indicators like RSI or MACD for further confirmation of the trade setup and potential overbought/oversold conditions. **Note:** - Continuously monitor the trade and adjust stop loss and targets as needed based on market conditions. - Be aware of any fundamental news or events that could impact the price of Dogecoin. This trade idea assumes that the downtrend will continue, and the price will respect the descending trendline while moving towards the next support levels.
Long
by fathi323172
DOGEUSDT| Bearish Candle Spark Accumulates Interest.Hello there, DOGEUSDT is currently in a neutral position, as the price is forming a bearish candle. However, there are signs of a potential bullish reversal in the form of an inverse head and shoulders pattern. If the price breaks above the neckline of the inverse head and shoulders pattern, it could signal a bullish trend reversal and potentially lead to a rise above the 0.17515 level. Otherwise, if the price breaks below the 0.1549 support level, it could indicate a bearish continuation from the 0.19846 highs. In this scenario, the price could potentially target two bearish price targets. Ultimately, it will be prudent to skip it or monitor the market movements to see how this situation sets itself. Summary : The formation of the inverse head and shoulders pattern suggests a possible bullish reversal, but a breakdown below 0.1549 could confirm a bearish continuation. Happy Trading, K.
by Khiwe
DOGE and AIBased on the technical data from the attached DOGE/USDT chart, it can be inferred that the price is likely to decline. Here is the technical analysis, including a breakout from a massive bear flag formation, and AI model testing with a 14-day prediction: Technical Analysis: Support and Resistance Levels: The price is moving between two key support levels (tp1 and tp2). A break below these levels could signal further decline. Trend Lines: The long-term uptrend has been interrupted, and the price is now moving lower below a descending trend line. Bear Flag Formation: A massive bear flag formation is visible on the chart. The price has broken below the lower line of this formation, which is a strong bearish signal indicating a potential further decline. Indicators: RSI (Relative Strength Index): RSI is moving in the oversold area (below 30), which may indicate a potential price drop. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram shows negative values, indicating a bearish trend. Volume: The trading volume is decreasing, which may indicate weakening momentum. AI Model Testing: Model Prediction: The AI model was trained on historical DOGE/USDT data, and its prediction for the next 14 days suggests that the price is likely to decline. Price Prediction: The model predicts that the DOGE/USDT price will reach the tp1 level in the first week and may continue down to the tp2 level in the second week. Prediction Reliability: The prediction is supported by both technical analysis and the model's results, which have been tested on similar historical trends. Based on the above analysis, including the breakout from the massive bear flag formation, and the AI model, it is likely that the DOGE/USDT price will decline over the next 14 days.
Short
by Bitcoinblockchainonline
2
TRADING TIPS That SERIOUS Traders Know ( ͡° ͜ʖ ͡°)Trading can be like... following a diet🥨 You need a clear plan, but also some space for cheats. If you're prone to jump-in trading, have some funds available for it - trading should be fun! Take that risk. But plan for it. If you've spent your 10% high risk capitol for the month/quarter, then that's that. - Look for Fractals Fractals in higher timeframes such as the weekly are often reliable, as it points towards the cyclic nature of the market. How did I make +118% on SOL? By following a fractal from the previous bull market: - Learn Elliot Wave Theory From the DOGE chart, we can see that Point 5 is not going to happen. (not that it won't happen at all, but just that it won't happen for the short term). How do I know this? ...Elliot Wave Theory. The EWT tells us that if point 4 retraces beyond point 1, the bullish impulse is invalidated. We are now more likely to slow bleed down to Point 2. - Look for Reliable Patterns Sometimes, certain patterns can be seen moments before they are finally "finished" forming. It's important to know the rules of these patterns, and trade reactively. I knew where to short ETH. How did I know? The M-Pattern: Deep Dive guide on Pattern-Trading here: - Learn to Manage Risk with Leverage Let's not duck around - Trading is risky but crypto trading is VERY RISKY. Make sure you have a strategy. - Learn To Trade the Rotations There's a secret pattern in the relationship between Bitcoin, Bitcoin Dominance and altcoins by market cap. Make sure you understand it before you take a leveraged trade: - Pick a few Technical Indicators and STICK TO THEM It's tempting to use whatever new indicator is the flavor of the day... but how will you ever learn the secrets? Technical indicators have "secrets". They look different on different markets. For example, SOL can be "Extremely Overbought" without correcting much for an extended period of time, where as Bitcoin usually corrects when the "Extremely Overbought" signal flashes. (This is an observation from using one indicator on many charts). Personally, I love Bollinger Bands, Moving averages and Cryptocheck START V3.5 as my combo indicator. That's how I called the beginning of the new Bullish season in November 2023: It's important to note that none of these strategies are 100% fail proof. Even the best Wallstreet traders average on 58% per annum. Stop trying to follow people who claim to make +1000000....% per annum. Often, these guys have lots of money to lose, in other words it's more a fly-by-night than studying charts for consistent wins. As long as you're making more than interest rates from a fixed deposit at the bank - you're winning! ________________________
by CryptoCheck-
Decision Time for DOGE (and the Alts)Looking across the Altcoin market, wondering whether we have capitulated or not, I notice DOGE presents a very useful example of the perilousness of the Alt-coin situation. Looking at the standard daily chart, let’s consider the bearish and bullish cases: Bearish Case Firstly, we see a multi-month Head & Shoulders pattern, with pricing sitting just above the neckline. If price confirms a break below that neckline, the H&S pattern projects a potential decline to $0.01094. Let’s call it 1 cent. That’s over a 90% loss in value from the current price. Price has broken support of all the Moving Averages, is not supported by a weekly Pivot line, and is desperately clinging to the 50% retracement (of a prior A wave). In this scenario, there are also attractors pulling the price lower: The C-wave – is usually broken into a 5 wave movement down, and could be considered complete, except that it typically reaches a 0.618 or greater Fibonacci projection to the downside (of A from B), although not always. Untested Support – clearly visible are two lines of Untested Support, at $0.10716 and $0.09046. The lower value which is coincident with the 0.786 projection of the Fibonacci Retracement. Indicators – the MACD has not eased its decline, even steepening in the last few days, showing momentum is down. Bullish Case I admit this is not as easy to argue, however, while price remains above $0.115, there is hope! So, we can say that as long as price holds the 0.5 Fibonacci Retracement level, there's a chance that we could pivot higher and reclaim support of the 200MA (dark blue), and the S1 Pivot line. XABCD - Supporting that is the XABCD Gartley harmonic pattern, with all lines sitting in Fibonacci proportions and a broad XD base at 0.786.What’s more, the low of today at D, came down to touch perfectly the 0786 retracement of the XA move. Indicators - The RSI is just entering overbought territory, which is usually a sign that a low is close or has occurred. Volume – is as low as it was before price began moving in March, with a little selling spike which seems to precede a reversal in trend. Moon Phase – there is 3 days to the Full Moon, which seems to follow an upswing by a couple days, meaning we could be touching a bottom now. So, it’s all about that neckline. A confirmed break below $0.115 and we could see the floor give way. Or if it holds, we could see a major bullish reversal after price reclaims a few support levels. What do you think? Is a post-halving collapse of the Alt-coin market likely? Or is Alt-season about to kick off?
by Crypto-Swing