DOGE is currently around $0.178, in a narrow accumulation zone around $0.175–0.180.
🔹 Technical analysis & Future strategy
1. Short – Priority:
• Entry: 0.1805
• SL: 0.1858
• TP: 0.1745
📉 The price is being resisted at the range of 0.180–0.181, under pressure from the MA 25–99 which helps maintain the negative trend. You can enter when the price approaches this area again and a rejection candle appears with low volume – this short setup has a probability of about 60%.
2. Long – Quick scalp:
• Entry: 0.1730
• SL: 0.1690
• TP: 0.1830
📈 The 0.173 area is a short-term support in the narrow accumulation zone. If the price slightly breaks down and then rebounds strongly, a short scalp can be made. However, the probability is only about 40%.
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⚠️ Important notes to keep in mind:
• DOGE is moving sideways in a narrow range, volatility depends on BTC and general sentiment.
• The short setup is prioritized due to technical pressure at the resistance zone.
• Long scalp should be approached with caution, only enter when there is a clear volume rebound, avoid catching falling knives.
• SL must be strictly placed, do not hold too long within the range.
• Current data: price around 0.178, down 1.3% in 7 days, slightly low volume ($0.78–0.88B)
The Short setup is more reasonable. If entering Long, there must be a good signal at the support zone.