As anticipated, DOGE is pulling back to test a key support zone. This is a make-or-break moment for the bullish scenario.
The main focus is now on the $0.2370 - $0.2355 range. This area represents a strong support cluster, where the Point of Control (POC) from the volume profile converges with the 0.382 Fibonacci level—a prime zone for smart money to accumulate.
A successful hold and bounce from this level would be a strong confirmation of the uptrend's continuation. For those who missed the initial move, this could present an excellent entry point for a spot position. The target remains unchanged: a retest of the highs and a push towards the $0.250 - $0.255 zone.
A breakdown and close below $0.2350 would invalidate the current bullish setup and could trigger a deeper correction toward the $0.2300 area.
We are closely watching the price action in this zone and will act accordingly.
The main focus is now on the $0.2370 - $0.2355 range. This area represents a strong support cluster, where the Point of Control (POC) from the volume profile converges with the 0.382 Fibonacci level—a prime zone for smart money to accumulate.
A successful hold and bounce from this level would be a strong confirmation of the uptrend's continuation. For those who missed the initial move, this could present an excellent entry point for a spot position. The target remains unchanged: a retest of the highs and a push towards the $0.250 - $0.255 zone.
A breakdown and close below $0.2350 would invalidate the current bullish setup and could trigger a deeper correction toward the $0.2300 area.
We are closely watching the price action in this zone and will act accordingly.
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Disclaimer
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.
🔹 Telegram channel: t.me/+iI40l8PGPos2NGUy
Disclaimer
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.