Dogecoin has been riding a strong uptrend, maintaining its momentum along a parabolic safety curve, which has been respected multiple times.
📈 Recently, DOGE broke out of a descending channel and is now approaching a resistance zone around $0.225–$0.230. This area previously acted as a supply zone, and price action suggests a short-term rejection could be forming.
🟦 Key Observations:
Parabolic trendline acting as a "safety curve" support.
Price approaching a supply zone with signs of slowing momentum.
Potential short-term double top or lower high forming.
📌 Scenarios to Watch:
Pullback from resistance → Retest of the safety curve (~$0.21) = potential long setup.
Break and hold above $0.230 = bullish continuation, targeting new local highs.
⚠️ Risk Management: Enter on confirmation; don't chase green candles near supply. A breakdown of the safety curve may lead to deeper correction.
#Dogecoin #DOGEUSDT #Crypto #TechnicalAnalysis #Altcoins #MEXC
📈 Recently, DOGE broke out of a descending channel and is now approaching a resistance zone around $0.225–$0.230. This area previously acted as a supply zone, and price action suggests a short-term rejection could be forming.
🟦 Key Observations:
Parabolic trendline acting as a "safety curve" support.
Price approaching a supply zone with signs of slowing momentum.
Potential short-term double top or lower high forming.
📌 Scenarios to Watch:
Pullback from resistance → Retest of the safety curve (~$0.21) = potential long setup.
Break and hold above $0.230 = bullish continuation, targeting new local highs.
⚠️ Risk Management: Enter on confirmation; don't chase green candles near supply. A breakdown of the safety curve may lead to deeper correction.
#Dogecoin #DOGEUSDT #Crypto #TechnicalAnalysis #Altcoins #MEXC
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.