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DOGEUSDT trade ideas

DOGE Consolidating at the 50.00% FIB Hello dear memecoin degens! What a wonderful run from DOGE, the king of meme coins. I hope you're enjoying this! Looking at the daily time frame, DOGE is consolidating around the 50.00% all-time Fibonacci level. It appears that the price may be forming a bull flag at this level, suggesting a potential breakout in favor of the bulls. However, nothing is certain until it actually happens. For now, we wait for the price to make its move and simply follow along, just as we did on November 4th when I posted my idea about DOGE at the 78.60% Fib level (if you entered there, it would have been a great trade!). The system remains in a long trade, so for now, we have to wait for it to flip short before considering taking profits. Until then, we watch the action unfold. Thank you for reading, and feel free to boost or comment. Happy trading!
Long
by vagada
DOGE Dogecoin 8hr potterboxDOGE coin 8hr potterbox Doge coin looks like its trading below the 50 percent line or cost basis. it could go as low as the floor of the box around 35.687 ish. Thats what i like about this strategy . it gives you a idea of where the stock is heading. theoretically. you can watch it work right here. lets see where it goes. According to the box it should only goes as low as the floor of the box. Maybe hang out there a awhile until it decides what its going to do. its the battle between the buyers and sellers. it might take a few days for this to happen. and it could happen today. these coins seem to be very volatile and tied to the social goings on . but hey lets make some money. We shall see. Trade accordingly. not financial advise.
Long
by potrod
Doge / UsdtBINANCE:DOGEUSDT Doge Channel Price Analysis 📉: The current price of Doge has recently encountered multiple rejections at the 0.39211 level 🚫, which is acting as a strong resistance. This means that the price has attempted to break above this level several times, but it has been unable to maintain its position above it. If the price continues to face rejection at this level, there could be more downward pressure ahead, with potential retests of lower support zones. Resistance Level: The immediate resistance area to watch is 0.39211 🔴. If the price fails to break above this resistance, it may struggle to move higher. However, if Doge manages to break through 0.39211, the next significant resistance comes in at 0.43243 💥. This is a critical price point that could signal a potential bullish breakout 🚀 if the price is able to push past it with strong buying momentum. Breaking through 0.43243 could open the door for further upside, and we may see Doge move higher toward new levels. Support Areas: On the other hand, if the price starts to decline, the first major support area to watch is 0.3573 🛑. This is a key level where the price could find buying interest and potentially bounce upward. If Doge fails to hold at 0.3573 and continues to fall, the next support level comes at 0.2843 🔻. This would be a critical point where the price could find significant support, and it might attract buyers looking to step in at a lower price. A bounce from this support could set the stage for a potential reversal and upward movement toward the resistance levels once again. What to Watch For: If the price respects the support areas at 0.3573 and 0.2843, we could see a reversal of the downward trend, with potential for a retest of the 0.39211 resistance. The price might start to move upward, especially if buying volume increases. 📈 On the flip side, if the price breaks below 0.2843, it may signal further downward momentum, and we might need to look at even lower support levels for potential price stabilization. ⚠️ In essence, Doge is currently in a crucial price channel, with multiple attempts to break resistance at 0.39211. If the price manages to break through the resistance, it could set the stage for an upward move to 0.43243. However, if it fails to hold the support levels at 0.3573 and 0.2843, we could see more downside. 📉 Key Takeaways: Resistance at 0.39211 and 0.43243. Support at 0.3573 and 0.2843. Watch for signs of breakouts or bounces to determine the next potential move. 📊 Disclaimer: This is not financial advice ⚠️. Always perform your own research and due diligence before making any investment decisions. 📈💡
Short
by Wolftrader1337
#DOGE 1H. Sideways movement and potential entry point. 11/20/24Elon Musk continues to actively support and promote this cryptocurrency, mentioning it in various contexts (e.g., tweets, interviews, news, etc.), which can influence the coin's price. After a sharp price increase (a strong impulse), I expect its value to stabilize and remain at the same level for some time (sideways movement, as we see now). Personally, I will wait for the right moment to open a long position around $0.322, which is considered a key entry zone due to its high-volume level (many pending orders, strong buyer presence).
Long
by trendbooster
DOGEUSDT Long IdeaWhile much has been made of Trump's appointment of Elon Musk to co-Lead Department of Government Efficiency, Speculators have been calling it a fundamental news for DOGE to hit the psychological $1. Well, I reckon a 4hr 50ema retest could provide the fuel. It would be the base of a daily liquidity pool that seem to have invalid auction pending there. A 1D trend retest on the daily would be confirmation, as trend has not been retest, since the $0.15 area. A 2% risk for invalidation, and a target of 4hr liquidity pool with wicks waiting to get filled. Hopefully, that would fuel a push towards $1, but the pool fill 100% should return a 14.4RR.
Long
by KayKayKay2021
1
DOGEUSDTI'm considering either a long or short position (2 scenarios) following the sharp drop and rise in Bitcoin, which has impacted Dogecoin. The coin is currently in an accumulation phase, and as I mentioned in my previous idea, a short-term drop in Bitcoin is expected, which should be followed by Dogecoin to fill sell-side liquidity. During the manipulation phase, I anticipate a sharp revaluation of the asset to the price levels of 0.089-0.084. At that point, I plan to buy this coin and take profit around 0.11-0.107. If the buy-side liquidity is absorbed instead, I will consider a short-term short position from the 0.110-0.111 price range. My target in this case will be the sell-side liquidity, where I will close the trade and then buy the coin again from the zone of interest mentioned earlier. It's important to remember that my ideas are not calls to action but merely opinions and recommendations.
by TraderNo007_
1