🚨Dogecoin ($DOGE) Short-Term Analysis (1-Hour Chart)🚨
Dogecoin ($DOGE) is in a clear pullback structure on the 1-hour chart. After testing the $0.153 to $0.154 range, the price failed to hold the key Exponential Moving Average (EMA) and retreated.
Current Situation:
📉 Trading price below the 14/21/50-day moving averages
⚡ Hovering around the 100-day moving average (approximately $0.146-$0.147)
⬇️ The 200-day moving average is even lower, close to $0.140
This tells us:
• 🐻 Weak momentum, slightly bearish
• 🛡️ Buyers are merely holding support levels, not pushing prices higher
• 🚫 Every break above the moving average resistance level is met with selling pressure
• ⚠️ As long as #DOGE remains below $0.149-$0.150, any upward movement is merely a pullback, not a trend reversal
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💎 #DOGE Short-Term Trading Plan
Key Setup – Short on Pullback (Highest Probability)
• Entry Zone: $0.1485-$0.1505
• Take Profit Target:
• TP1: $0.1455 ✅ (Lock in some profits and move the stop loss to break-even)
• TP2: $0.1430
• TP3: $0.1405
• Stop Loss: $0.1535
• Leverage: 20x – 40x
• Margin: 2% – 4%
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Alternative Long Strategy – Only valid after confirmation 🚀
• $DOGE must recover and hold above $0.1505–$0.1510 at the 1-hour closing price
• Volume must increase after the recovery
• If confirmed, the upside potential points to:
• $0.153 → $0.156
• ⚠️ If it fails to recover, going long is high-risk and has a low probability of success (considering the downtrend of $BTC and $ETH as well)
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#DOGE #MEME #CryptoScalp
Click here to trade 👇
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