Dogecoin is currently testing a key demand zone around 0.21635 – 0.21500, where multiple rejections suggest strong buyer interest. The price bounced off this zone with bullish momentum, indicating a possible reversal setup.
Chart Highlights:
Demand Zone: 0.21500–0.21635 (marked in orange) – Strong buying interest seen here multiple times.
Current Price: 0.21878 (+0.44%) – Beginning a potential breakout move.
Resistance Levels to Watch:
0.22320 – Minor intraday resistance
0.22894 – Major supply zone (blue shaded area), previous rejection area
Bullish Signal: Bullish engulfing near support with increased volume, signaling possible continuation upward.
What to Expect:
A break above 0.22320 could push DOGE to retest the supply zone at 0.22894.
Conservative entry: on retest of 0.21635 with confirmation.
Aggressive entry: current price with a stop below 0.21500.
Trade Idea:
> Long Entry: Above 0.21900
Stop Loss: 0.21450
Take Profit 1: 0.22320
Take Profit 2: 0.22890
Bonus Tip: Watch the volume – increasing buying pressure could confirm this reversal. Break and close above the blue zone would indicate a shift in market structure.
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Let me know in the comments if you're trading DOGE today and what levels you're watching! Don’t forget to like and follow for daily crypto insights!
#Dogecoin #CryptoTrading #LuxAlgo #TechnicalAnalysis #SupportAndResistance #ReversalSetup #Altcoins #CryptoTA #FrankFx14
Chart Highlights:
Demand Zone: 0.21500–0.21635 (marked in orange) – Strong buying interest seen here multiple times.
Current Price: 0.21878 (+0.44%) – Beginning a potential breakout move.
Resistance Levels to Watch:
0.22320 – Minor intraday resistance
0.22894 – Major supply zone (blue shaded area), previous rejection area
Bullish Signal: Bullish engulfing near support with increased volume, signaling possible continuation upward.
What to Expect:
A break above 0.22320 could push DOGE to retest the supply zone at 0.22894.
Conservative entry: on retest of 0.21635 with confirmation.
Aggressive entry: current price with a stop below 0.21500.
Trade Idea:
> Long Entry: Above 0.21900
Stop Loss: 0.21450
Take Profit 1: 0.22320
Take Profit 2: 0.22890
Bonus Tip: Watch the volume – increasing buying pressure could confirm this reversal. Break and close above the blue zone would indicate a shift in market structure.
---
Let me know in the comments if you're trading DOGE today and what levels you're watching! Don’t forget to like and follow for daily crypto insights!
#Dogecoin #CryptoTrading #LuxAlgo #TechnicalAnalysis #SupportAndResistance #ReversalSetup #Altcoins #CryptoTA #FrankFx14
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.