Dogeusdtprediction — Trading Ideas on TradingView

DOGEUSD SHOWING A GOOD DOWN MOVE WITH 1:6 RISK REWARD DOGEUSD SHOWING A GOOD DOWN MOVE WITH 1:6 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the marketwhich preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for breakC. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you

DOGEUSDT AT CROSSROADS - BULL TRAP OR BREAKOUT?Symbol - DOGEUSDT DOGEUSDT is currently testing a key liquidity and resistance zone within the context of a prevailing downtrend, following a news-driven market rally. The critical question remains: Can this upward momentum be sustained, or will the market revert to a broader sell-off? The overall downtrend persists. Recent market activity has been characterized by a corrective phase spurred by positive news flow, during which Bitcoin experienced a temporary strengthening, subsequently lifting altcoins such as DOGE. However, the sustainability of this upward movement is in question, as bearish sentiment remains dominant and no significant fundamental improvements have emerged to support long-term growth. Should Bitcoin resume its decline, DOGEUSDT is likely to follow suit. From a technical perspective, the price is exhibiting signs of a potential false breakout above the resistance zone at 0.1570–0.1622, A consolidation below this range would suggest continued downside momentum, potentially driving the price toward the next key support area around 0.1364 Key Resistance Levels: 0.1570, 0.1622 Key Support Levels: 0.1364, 0.1277, 0.1154 A retest of the trend resistance remains possible. However, a sustained consolidation beneath the identified resistance zone would serve as a strong indication of seller dominance, increasing the likelihood of further declines. On the weekly timeframe, a critical trigger lies at 0.1421, breaching this level to the downside may open the path toward the support range between 0.1277 and 0.1025

DOGE/USDT: Bullish Entry Zones and Profit Booking Levels ? Introduction: In this technical analysis, we will explore the potential trading opportunities for DOGE/USDT , by analyzing key support and resistance levels. 1. Buying Area - 7400 to 7600 Levels: Currently, DOGE/USDT can correct upto 7400 to 7600 levels. Traders looking to enter a long position can consider this zone as a favorable buying opportunity. As Dogecoin is known for its vibrant community and increasing popularity, this entry position could yield potential gains in the short to medium term. 2. Alternative Buying Area - 6400 to 6500 Levels: In the event of a Bitcoin dump triggered by the FOMC meeting today, DOGE/USDT may experience increased selling pressure. Consequently, the price could dip to the 6400 to 6500 levels, presenting an excellent opportunity for long-term investors to accumulate DOGE at a discounted price, making it an attractive area for bag holding and patient long-term investors. 3. Profit Booking Area - 9500 Levels: As DOGE/USDT exhibits upward momentum, traders should be mindful of potential profit booking opportunities. The 9500 level aligns with a crucial trendline, marking a third re-test, adding strength to its significance as a resistance level. Traders can consider taking profits in this area. In summary, DOGE/USDT currently offers favorable buying opportunities between the 7400 to 7600 levels, while an alternative entry zone lies within the 6400 to 6500 range, especially if Bitcoin experiences a significant downturn. For profit booking, traders should consider the 9500 level, which also coincides with a critical trendline re-test.