#Dogecoin (scalping + forecast)
DOGE✔Market Overview:
✔️ Trend: Dogecoin (DOGE) is in a downtrend on the 2H and 1D timeframes, struggling to break above the 200 EMA, while the weekly chart shows a potential support test.
Key Levels: DOGE is consolidating between $0.25 $0.27, with strong resistance above.
✅ Resistance:
✔ Major Resistance: $0.274 (critical breakout level for bullish continuation).
Local Resistance: $0.265 (short-term selling pressure).
✔️ Support:
◆ Major Support: $0.255 (if lost, expect a drop to $0.245).
• Local Support: $0.259 (buyers stepping in).
Indicators:
MACD (2H, 1D): Bearish momentum, with weak crossover attempts-no clear buy signals yet.
RSI (2H, 1D): 37-38, slightly oversold but not a confirmed reversal.
EMA 200 (2H, 1D): Acting as resistance-DOGE remains below key trend levels.
🩸 Scalping Strategy:
1. Range Scalping (Sideways Trading)
Buy: $0.255 $0.259,
🎯 targeting $0.265 $0.270.
Sell: $0.270 $0.274,
🎯 targeting $0.259.
🚫 Stop-loss: Below $0.253 (for long), above $0.276 (for short).
2. Breakout Scalping (Momentum Play)
🩸 Long Entry: Above $0.274, targeting $0.285 $0.290.
🩸 Short Entry: Below $0.255, targeting $0.245
$0.240.
3. EMA Scalping
If DOGE rejects EMA 200, short with a target
at $0.255.
If DOGE flips EMA 200 into support, long with a target at $0.274+.
Mid-Term Trend Forecast (1-3 Weeks):
Bullish Scenario: DOGE breaks and holds above $0.274, leading to a push toward $0.290+.
Bearish Scenario: DOGE fails to hold $0.255, leading to a retest of $0.245 $0.240.
✔News & Market Context:
Elon Musk & Dogecoin: Any updates from Musk or major influencers could spike volatility.
Institutional Flow: No significant
accumulation-watch for volume increases. Crypto Market Sentiment: If Bitcoin remains
bearish, DOGE may continue its correction. ✔
🔥Decision:
• Short-term: Scalping the $0.255 - $0.274
range, waiting for confirmation.
• Mid-term: Breakout play above $0.274 or
short below $0.255.
#BNBChainMeme #BinanceAlphaAlert $DOGE