On the 1-hour chart, Dogecoin (DOGE) is in a clear short-term pullback structure.
After rising to 0.153-0.154, the price failed to hold above the key Exponential Moving Average (EMA) and subsequently retreated. Currently, Dogecoin is trading below the 14-day/21-day/50-day EMAs and hovering around the 100-day EMA (approximately 0.146-0.147), while the 200-day EMA is even lower, closer to 0.140.
This tells us:
Weak momentum, slightly bearish
Buyers are merely holding support levels, not pushing prices higher.
Selling occurs every time the EMA resistance level is touched.
As long as Dogecoin (DOGE) remains below 0.149-0.150, the upward movement is just a pullback, not a trend reversal.
Dogecoin (DOGE) Short-Term Trading Plan
Main Strategy: Short on pullback (Best Probability)
Short Entry Area:
0.1485 – 0.1505
Profit Target:
TP1: 0.1455
TP2: 0.1430
TP3: 0.1405
Stop Loss:
0.1535
Leverage: 20x – 40x
Margin: 2% – 4%
👉 Take partial profit at TP1 and move the stop loss to the entry point.
Alternative Long Strategies (Confirmation Only)
The short-term long strategy is only effective if:
DOGE price recovers and holds above 0.1505 – 0.1510 on the 1-hour closing price.
The recovery is followed by increased volume.
If this occurs, the upside potential points to:
0.153 → 0.156
If the recovery fails, going long is high-risk and has a low probability of success. Bitcoin (BTC) and Ethereum (ETH) are currently in a downtrend.
#DOGE #MEME
Click here to open a position 👇👇👇
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