$DOGE

DOGS Update ~ 1W

#DOGS This support block was retested again. This is a good price to start accumulating again. with a minimum target of 15%+
#doge⚡ #MarketCorrectionBuyOrHODL? #DogeForever #MarketCorrectionBuyOrHODL?

$DOGE

Dogecoin / DOGEUSD is trading inside a Triangle pattern.

This tight consolidation is getting closer to an end as a breakout should take place by tomorrow.

If it breaks to the upside, buy and target 0.43500 (Fibonacci 2.0 extension).

If it breaks to the downside, sell and target 0.37100 (Fibonacci -1.0 extension).

Previous chart:

$DOGE

Market Context:
The crypto market is closing the year on a bearish note, marked by significant sell-offs and declining sentiment. This environment creates the potential for a flash crash, offering a unique opportunity to capitalize on extreme volatility. I’ve identified a critical price zone where I anticipate meeting the market for a high-probability setup.

Technical Outlook:

Current Market Conditions:
The ongoing sell-off reflects bearish dominance, with no clear signs of reversal yet.
The potential for a flash crash could result from thin liquidity and heightened volatility typical of year-end trading.

Key Level (Blue Box Zone):
This predefined zone aligns with strong support areas derived from historical price action and Fibonacci retracement levels.
It represents a high-interest area for buyers, where smart money is likely to step in.
Trading Plan:

Entry Strategy:

Place a limit buy order within the blue box zone to secure a favorable entry during rapid price movements.
Wait for a confirmation signal, such as a bullish candlestick pattern or a volume surge, to validate the zone.

Risk Management:
Stop Loss: Positioned just below the blue box zone to limit downside risk in case the market continues to decline.
Use a moderate position size to manage risk in highly volatile conditions.

Take Profit Levels:
Target resistance zones where sellers are likely to re-enter.
Use scaling techniques to lock in profits progressively while leaving room for further upside.

Key Considerations:
A flash crash is often accompanied by heightened market emotions and liquidity issues, which may lead to slippage. Using limit orders can mitigate this risk.
Monitor macroeconomic factors and news that may act as catalysts for a flash crash.

Conclusion:
While the crypto market remains under pressure, these conditions provide opportunities for disciplined traders prepared to act at key levels. The plan focuses on entering the market with precision, managing risk effectively, and capturing potential upside when the market rebounds.

I keep my charts clean and simple because I believe clarity leads to better decisions.

My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
#DogecoinCommunity #DogeForever

Dogecoin (DOGE) is up 350% this year and is in line with the broader crypto market’s bullish outlook. Adding credence to this outlook is Elon Musk’s Department of Government Efficiency (D.O.G.E.) and whales accumulating DOGE.  This bullish momentum coupled with Bitcoin’s recent performance could serve as tailwind and propel Dogecoin price by 85%.
Dogecoin Price Could Shoot 85% If DOGE Flip This Key Resistance
$DOGE

The weekly chart shows that the Dogecoin price made a strong bullish breakout in November. This was a notable breakout since it came after it spent over two years in a consolidation between $0.050 and $0.2280. 
Dogecoin has now cruised above the crucial resistance level at $0.2278, its highest swing on March 25. Moving above that level was crucial because it invalidated the double-top pattern that was forming. 
It has also jumped above the 50-week and 25-week moving averages, a sign that bulls are in control. The coin also jumped to a high of $0.4840, which was slightly above the 38.2% Fibonacci Retracement level. 
There are signs that the Dogecoin price is slowly forming a bullish flag chart pattern. This is a popular continuation sign that is characterized by a long vertical line and some consolidation.
Therefore, a break above that resistance level will raise the possibility of the price of DOGE rising to $0.7383, its all-time high. This price is about 82% above the current level. Such a move would raise the possibility if the coin soaring to the key psychological level at $1.$DOGE

On the flip side, a drop below $0.2813, the 61.8% Fibonacci Retracement level, will invalidate the bullish thesis. It will mean that the bullish flag pattern failed to work out, and risk the coin retesting the support at $0.2278.
DOGE Price Needs Other Catalysts
Additionally, Dogecoin price needs other catalysts to continue its strong bullish rally. In the first place, it needs Bitcoin to do well, which will lead to more gains among altcoins. Most altcoins thrive when BTC is in a strong rally. Such a rally will also be accompanied by a rise in the crypto fear and greed index.
Further, Dogecoin needs whales to continue accumulating the coin as they have been doing in the past few months. Data by Santiment shows that whales have boosted their DOGE ownership in the last month, a sign that they expect the price to continue rising.
Dogecoin price also needs more statements about Elon Musk’s DOGE. Historically, Musk has been a top mover for Dogecoin, a crypto that exists in his portfolio. Also, some analysts believe that it could be boosted by the DOGE ETF as soon as in 2025.
#doge⚡
#DogeForever
#BinanceTrendingTokens