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Dogecoin / Tether USD on Ethereum (0xfCd13EA0B906f2f87229650b8D93A51B2e839EBD)

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DOGEUSDT_FCD13E trade ideas

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 !! ✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box. Cheers, Mad Whale. 🐋
Short
by MadWhale
9
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. Tips: 🔥 Break free from "buy low, sell high"! Our new Pilot Contract empowers you to profit from ANY market direction on DEX coins with up to 3x leverage. Go long, go short, go further! Check out Phemex - Pilot Contract today! Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
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 !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
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.
Long
by potrod
Is Dogecoin Ready to Break $0.20 and Drop 20%?Hello and greetings to all the crypto enthusiasts, ✌ All previous targets were nailed ✅! Now, let’s dive into a full analysis of the upcoming price potential for Dogecoin 🔍📈. Dogecoin is approaching a key resistance zone at the top of a descending channel, coinciding with the crucial $0.20 psychological level. Given current market dynamics, a breakdown below this level seems likely, potentially triggering a 20% decline. The primary downside target stands at $0.15, a significant support area reinforced by a major trendline. This level could serve as a key point for price stabilization or a potential reversal.📚🙌 🧨 Our team's main opinion is: 🧨 Dogecoin is near a key resistance at $0.20, and a potential 20% drop to $0.15, a strong support level, seems likely. 📚🎇 Give me some energy !! ✨We invest hours crafting valuable ideas, and your support means everything—feel free to ask questions in the comments! 😊💬 Cheers, Mad Whale. 🐋
Short
by MadWhale
9
doge buy midterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
$DOGE Market Update📊 $DOGE/USDT Market Update Welcome to today's analysis! Let’s break down the current price action on CRYPTOCAP:DOGE and its potential movement. 🌐 Overview: CRYPTOCAP:DOGE Testing Key Resistance & Double Bottom Formation 📉 CRYPTOCAP:DOGE was in a downtrend, but now it's showing signs of potential reversal, as price has formed a double bottom pattern. 🔄 Current Scenario: CRYPTOCAP:DOGE is testing the red resistance zone, which is a critical level that needs to be broken for further bullish confirmation. If DOGE successfully breaks out, the target will be the blue line level, which was the previous lower low (LL). However, if the price gets rejected, we could see another pullback before another breakout attempt. 🔑 Key Levels to Watch 🔴 Resistance Zone: Red Level (Needs breakout for bullish continuation) 🔵 Target Level: Blue Line (If breakout is successful, price may reach previous LL) 🛠️ Trade Scenarios 📌 Bullish Scenario (Breakout Above Red Resistance & Double Bottom Confirmation) If CRYPTOCAP:DOGE breaks and holds above the red resistance zone, this would confirm bullish momentum, with a potential move to the blue target level. The double bottom pattern would also signal a strong reversal if confirmed. 📌 Bearish Scenario (Rejection at Resistance) If CRYPTOCAP:DOGE fails to break out, the price may pull back, potentially forming a higher low before another breakout attempt. 📌 Conclusion CRYPTOCAP:DOGE is at a critical resistance zone, testing a double bottom breakout level. A successful breakout would confirm bullish momentum, targeting the blue line level. However, a rejection may lead to a pullback before another attempt.
by WaveRiders2