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DOGEUSDT trade ideas

Lingrid | DOGEUSDT stays Above KEY Level of 0.1000The price perfectly fulfilled my previous idea. It reached the target level. BINANCE:DOGEUSDT has successfully broken and closed above the psychological level at 0.1000. Currently, the price action is consolidating and continues to bounce off this key level. It seems that the market has taken liquidity from below the psychological level, creating a false breakout. Since the beginning of August, the market has been in a consolidation phase, and I expect the price to move toward the top of the range by breaking through the downward channel. My target is resistance zone around 0.10800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
9
DOGEUSDT.1DIn this analysis of the Dogecoin/USDT daily chart, I closely observe the interplay of various technical indicators and price movements to inform my trading strategy. Presently, Dogecoin is trading at approximately $0.10125, indicating a decline of 1.62% today. The price action has been constrained within a bearish trend, as indicated by the descending red trendline (R1). This suggests continued downward pressure. The immediate support (S1) at $0.08983 is crucial as it represents a key psychological level and a previous support zone. A breach below this point could trigger further declines, potentially testing the next support level (S2) at $0.07353. On the resistance front, $0.12871 (R2) stands out as a significant barrier that Dogecoin would need to surpass to confirm any reversal of the current bearish trend. Overcoming this resistance could shift market sentiment, possibly initiating a bullish phase. The Moving Average Convergence Divergence (MACD) is currently below the signal line and close to the zero line, reflecting the lack of strong momentum and confirming the bearish sentiment depicted by the price action. The Relative Strength Index (RSI) sits at 47.68, which is in the neutral zone. This level indicates neither overbought nor oversold conditions, suggesting a lack of decisive momentum in either direction. This warrants close observation for any potential shifts that could indicate an emerging trend. In conclusion, the technical setup on the Dogecoin chart leans bearish, with key support at $0.08983 under threat. My strategy will involve closely monitoring this support level for potential breakdowns, which could offer short opportunities. Conversely, any movement towards and above the resistance at $0.12871 could warrant a reassessment towards bullish strategies, particularly if accompanied by stronger volume and positive shifts in broader market sentiment.
Long
by MarsSignals
2
Trading Idea: Dogecoin Support Level StrategyCurrent Support Level: Dogecoin (DOGE) has reached a key support level. Bounce Scenario: If the price holds this support, we could see a bounce from here, offering a potential long entry opportunity. Breakdown Scenario: However, if the price breaks below this support, it could signal further downside, with the next target being the next support level. Confirmation: Wait for a clear bounce or breakdown confirmation before entering. A strong bounce would suggest upward momentum, while a close below the support with increased selling pressure would confirm the breakdown. Risk Management: If entering on a bounce, place a stop-loss just below the support. If entering on a breakdown, place a stop-loss slightly above the broken support level to manage risk.
by rebenga93
DOGE wait for breakThe Doge/USDT pair on the 1-hour chart has broken out from a symmetrical triangle, indicating a potential bullish trend 📈. Analysis: - Entry: Between 0.10558 and 0.10663 could be a good buy zone 🎯. - Take Profit (TP): Target is set at 0.11238 to 0.11242, a key resistance level. Watch for potential reaction at this level 🏁. - Stop Loss (SL): Placed around 0.10267. If this level breaks, it's best to exit to avoid further losses 🛑. Key Points: - Risk to Reward: The risk/reward ratio is favorable, offering a solid profit potential 💼. - Continued Move: If the price breaks above 0.10798 and holds, the probability of reaching the target increases 📊. Signal: - Buy (Long) between 0.10558 with a target of 0.11238 and a stop loss at 0.10267 🚀.
Long
by ahmadarz
3
DOGEUSDT in Accumulation PhaseDOGEUSDT recently dropped to a support level last tested in February, where the price saw a significant rally. Currently, the price has formed a false breakout below the 0.09500 support level and has since been moving sideways in an accumulation phase. Over the past week, the market has been forming a compression channel, which could lead to a breakout and a subsequent price move. Given the repeated rejections and bounces off the support level on the daily timeframe, there is a strong potential for an upward move. The price could break through the trendline and retest the resistance level, with the target set at 0.10700
Long
by RTED_Investing
4
Doge ready for lift off. 3 billion in shorts fair gameRead the fine print, she's taking off with a story fitting for the giant it is about to become. Not BTC, not XRP....No! Doge heads the way to become king crypto with a plateau starting at around 12-27k. (I don't even believe what I'm reading). But if you have targets, throw them in the theoretical trashcan ladies and gentlemen. This will be your one and last time to get rich in this space. Everything will plateau after this. In a first plateau that will last about 15 years, only top out for a diagonal continuous fall until the circuit closes. Beware, on the trip to UniverseX, there will be a trip to the bottomless pit. Where the Doge hunts its prey and eats them like a meal prepared for a king. It is the end times, this is why we all need Jesus with us. Lord we pray for your strength and comfort in the storm and wisdom to trust you. Amen. It'zya boi, -Antizma
Long
by Antizma
DOGEUSDT: Trend in daily time frameThe condition of DOGE coin is very sensitive and in case of further correction of Bitcoin and reaching the retest area, this condition and trend can be considered for DOGE. Anyway, the color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas. So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive. Be careful BEST MT
by MT_T
6
Dogecoin Update (9/12/2024 3:00 PM)The current market analysis suggests a lack of clear direction, with mixed signals from technical indicators and candlestick patterns. The price has recently been hovering around the 0.1024 level, with a slightly bullish candlestick pattern indicating a potential reversal from the recent downtrend. However, the decreasing volume trend suggests that this upward momentum may not be sustainable. Technical Indicators: * Moving Averages: Most of the moving averages (SMA5, SMA10, SMA20, EMA5, EMA10) are clustered closely around the current price, indicating a neutral trend. However, the EMA20 is slightly below the current price, suggesting a potential downward bias. * MACD: The MACD line is slightly above the signal line and the histogram bars are positive, although they are decreasing in size. This indicates a waning bullish momentum. * RSI: The RSI is at 57.92, slightly above the neutral level of 50. This suggests that the market is in a neutral to slightly overbought condition. * Bollinger Bands: The current price is close to the middle Bollinger Band, indicating that volatility is relatively low. Support and Resistance: * The closest support level is at 0.10155, followed by 0.09599. * The closest resistance level is at 0.10461, followed by 0.10497. Trading Decision: WAIT Given the mixed signals from technical indicators and the decreasing volume trend, the trading decision is to WAIT for a clearer trend to emerge. There is no clear entry, stop loss, or take profit level for a trade at this time. Outlook and Risks: The market outlook is uncertain, with the potential for a reversal from the recent downtrend or a continuation of the downtrend. The key risk to watch for is a break below the closest support level at 0.10155, which could indicate further downward momentum. On the upside, a break above the resistance level at 0.10461 could indicate a potential upward trend reversal.
by kcinrom
Bullish Exhaustion Near ResistanceKey Resistance at $0.10476 Dogecoin (DOGE) is currently trading around $0.102, after failing to break through the upper Bollinger Band resistance of $0.10476. The price hit a high of $0.10495, but selling pressure has pulled it back below the BB Basis of $0.10322. After peaking at $0.10495, Dogecoin has pulled back, now stabilizing around $0.102. The rejection from the $0.10476 resistance (upper Bollinger Band) aligns with the broader bearish sentiment seen in early September. Dogecoin's struggles echo a trend seen across the market, as DOGE has dropped 17% in the last week​ Bollinger Bands: Overbought Conditions The price is hovering just below the upper Bollinger Band, indicating that DOGE is in an overbought state. A rejection at these levels could trigger a pullback to the lower band support at $0.10168. RSI Neutral, But Losing Steam The RSI is sitting near neutral at 49.87, suggesting indecision in the market. However, its divergence from the RSI-based MA (60.41) hints at weakening bullish momentum, with potential downside ahead. Stochastic Oscillator Shows Oversold Conditions The %K and %D values of 19.54 and 14.44 indicate oversold conditions, which might signal a short-term bounce, but buyers need to regain momentum for a sustained move higher. MACD Turning Bearish The MACD histogram (-0.00045) has flipped negative, suggesting a potential bearish crossover. The MACD line is still above the signal line, but momentum appears to be weakening, which could lead to further downside. Support and Resistance Levels Immediate Resistance: $0.10476 (Upper BB) Support: $0.10322 (BB Basis), $0.10169 (Lower BB) Short-Term Outlook : DOGE is showing signs of exhaustion near the $0.10476 resistance. If it fails to break higher, expect a potential dip toward $0.10168, with a possible bounce from there. The Stochastic and RSI suggest caution, as momentum indicators signal weakening strength. Watch for a confirmed break above $0.10476 to signal bullish continuation. Otherwise, a retrace to the lower Bollinger Band is likely.
by MonoCoinSignal