Dogecoin (DOGE): We Might Drop Another 50%...Dogecoin has had a successful breakdown from 200EMA, where we did see a proper re-test as well, which showed the sellers dominance right there. We are seeing a chance of another dip to come so watch out if you long 👀
More in-depth info is in the video—enjoy!
Swallow Team
DOGEUSDT.P trade ideas
doge longterm buy spot"🌟 Welcome to Golden Candle! 🌟
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Is This the Best Buy Zone for DOGE?
Dogecoin has retraced to the key support level at 0.158, marking the beginning of an interesting buy zone between 0.158 and 0.089. This area offers an opportunity for buyers looking to maintain the bullish structure and potentially drive the price higher.
Entries in this range present a favorable risk-reward setup, with upside targets at 0.484, the previous high, and 0.859, which aligns with the 100% Fibonacci extension from the current low. The weekly EMA ribbon remains bullish, supporting the idea of a continuation to the upside. Additionally, the Signal Builder has previously triggered buy signals, reinforcing the potential for a bounce in this region.
If buyers step in and hold this support zone, Dogecoin could be setting up for another strong rally.
👨🏻💻💭 Are you positioning yourself for the next move?
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Dogecoin Elliott Wave - We are finishing a 2nd wave Elliott Wave Analysis is showing we are finishing the 2nd wave and headed up to $1.20 based on 1.618 both on the 1st wave in 2021 and on the 1st wave of 2025. The mistake analysis are making is the ending diagonal pattern on the ABC 535 from 2021 to 2024.
DOGEUSDT wait for next -40% first and then pumpWe are looking for more fall and dump here only after the major support of 0.185$ break to the downside and the dump can be huge and we are looking for another -40% fall and then near 0.12 to 0.15$ support zone the price can receive support and start gain again.
DISCLAIMER: ((trade based on your own decision))
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DOGE I It still has a room to go down to the discountWe are still not in the discount, don't even think about buying it yet. Short is the way for now. Thats where I will be looking for the CLS ranges to form.
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Is the bearish trend in Dogecoin likely to continue?Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Doge coin , 📚💡
Dogecoin currently faces the possibility of a significant decline within its established downward channel, with a minimum drop of 30%. This forecast is anchored around the price level where Dogecoin's upward movement began months ago, which has consistently served as a key resistance zone between $0.14 and $0.18. While there may be brief upward price action towards this resistance, the primary target remains within the same support range. The bearish trend is still intact, and critical support levels have been breached, suggesting further downward momentum. The market structure indicates that additional declines are likely before any reversal takes place.📚🙌
🧨 Our team's main opinion is: 🧨
Dogecoin might drop another 30% within its downward channel, with key resistance between $0.14–$0.18. While we could see some brief upward movement, the main target remains in the same support range, and the bearish trend suggests further declines ahead.
Give me some energy !!
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Phemex Analysis #66: Pro Tips for Trading Dogecoin (DOGE)In the volatile world of cryptocurrencies, Dogecoin ( PHEMEX:DOGEUSDT.P ) has consistently captured the attention of traders and enthusiasts alike. In October 2024, DOGE experienced a remarkable surge, climbing from $0.11 to a peak of $0.48—a gain of nearly 500%. However, this exuberance was short-lived, and the price has since plummeted by 70%, currently trading around $0.15.
A closer examination of the daily chart reveals a potential bullish reversal indicator. On March 11, DOGE's price dipped lower than its February 28 level, yet the Relative Strength Index (RSI) remained similar on both dates. This RSI divergence often signals a potential bullish reversal. However, caution is advised before making any trading decisions. Let's explore a few possible scenarios, using support and resistance levels as our guide.
Scenario 1: Bullish Reversal
The observed RSI divergence suggests that selling pressure may be waning, potentially paving the way for a price rebound. If DOGE manages to break above the immediate resistance levels, this could confirm a bullish reversal.
Pro Tips:
Monitor Resistance Levels: Key resistance levels to watch are $0.19 and $0.22. A decisive break above these levels, accompanied by increased trading volume, could signal the start of a bullish trend.
Risk Management: Consider setting stop-loss orders below recent support levels to mitigate potential losses if the bullish reversal does not materialize.
Scenario 2: Continued Downtrend
If DOGE fails to maintain its current support levels, the downtrend may persist. A drop below the critical support at $0.15 could lead to further declines.
Pro Tips:
Identify Support Levels: The next significant support levels are $0.127 and $0.10. Traders should watch these levels closely for potential buying opportunities or further declines.
Short Positions: Advanced traders might consider short positions if DOGE breaks below key support levels, aiming to profit from the continued downtrend.
Scenario 3: Sideways Consolidation
DOGE may enter a phase of sideways movement, trading within a defined range as the market seeks direction.
Pro Tips:
Range Trading: Identify the upper and lower bounds of the trading range. Buying near support and selling near resistance can be an effective strategy in a consolidating market.
Grid Bots: Since price volatility is smaller during consolidation, utilizing grid bots to capitalize on small price movements is highly recommended.
Final Thoughts
Dogecoin's recent price movements present both challenges and opportunities for traders. While technical indicators like RSI divergence suggest a potential bullish reversal, it's crucial to consider all possible scenarios and employ sound risk management strategies. By staying informed and vigilant, traders can navigate DOGE's volatility and make informed decisions.
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Dogecoin (DOGE): Re-Testing Daily 200EMA The daily 200EMA is holding the price back while buyers are trying to push beyond it and fill the CME gap. We are monitoring closely for any sharp moves here with 2 possible entries for us so let's see which one will get filled and confirmed!
More in-depth info is in the video—enjoy!
Swallow Team
It's disappointing !!!The only promising support for Dogecoin right now is the 15 cent range. If the price does not grow from here, we cannot be hopeful anymore.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short trade
4Hr TF
Pair DOGEUSDT
Sellside trade
NY to Tokyo Session PM
Sat 8th March 25
7.00 pm
Entry 0.19316
Profit level 0.14457 (25.16%)
Stop level 0.19435 (0.62%)
RR 40.83
Reason: Observing price action on the Dy TF seemed indicative of a sellside trade using the narrative of supply and demand for directional bias.
DOGE coin 24hr potterboxesDOGE coin 24hr potterboxes. well as you can see DOGE coin has broken thru the floor .19241 of the lower box and is trying to find support. I think it could find support at .17675 the top of the lowest box. its kinda freefalling due to the empty space to the left . the big gaps do not have that much volume. the price tends to move pretty quickly in these areas. thats why you need to always look to the left and see what happened earlier in the year. History repeats itself. Happy Trading.