Hey #BinanceSquare fam! š Ready to ride the memecoin wave? DOGE might be gearing up for something bigāhereās why the weekly ElliottāWave sequence deserves your attention, Binance Square style: upbeat, insightful, and trade-ready!
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š¢ DOGE Weekly 1ā2ā3ā4ā5 Sequence Breakdown
Based on Elliott Wave analysis from our crypto community:
1. Wave 1: The starting spike led DOGE from the $0.12ā$0.17 zone up to near $0.52āan impressive initial rally .
2. Wave 2: A corrective dip retraced into the 23.6ā50% Fibonacci zone (~$0.24ā$0.32), forming support and setting up the next leg .
3. Wave 3: The powerful impulse surge above $0.52, with rising volume and MACD/RSI showing strength .
4. Wave 4: The current consolidation phaseāa sideways triangle or gentle flatārespecting key Fibonacci levels around $0.24ā$0.32 .
5. Wave 5 Target: A fresh bullish wave projected toward Fibonacci extensions:
š„ $0.90 (0.618 ext.)
š $1.41 (0.786 ext.)
ā” Ultra-stretch: $2.23
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š Supporting Technicals
Bullish signals building: MACD lines poised for a bullish crossover; RSI climbing above midlineāindicating positive momentum returning .
Strong weekly chart structure: Weekly indicators show 92ā93% bullish readingsātrend remains upward .
Triangle breakout forming: DOGE is coiling within a weekly triangleābreakout could fuel the next Wave 5 šÆ .
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š ļø Trade Plan for the Binance Square Fam
Entry Zones:
Healthy dip into $0.24ā$0.32 (Wave 4 bottom), or
Breakout above $0.32 with solid volume confirming wave 5 start.
Stop-Loss: Below $0.20ā$0.24 range to invalidate current wave count.
Targets:
First: $0.52 (break even on Wave 3 high)
Mid: $0.90 (Fibonacci extension)
Stretch: $1.41+ and beyond if momentum holds
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ā ļø Risk Factors & Notes
A break below $0.24 negates the bullish wave countātime to reassess.
External crypto market shifts, big BTC moves, or macro volatility could delay or reverse DOGEās upside path.
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ā Final Take
DOGE looks opportunisticāhaving completed Waves 1ā3 and now digesting Wave 4. If it holds $0.24ā$0.32 and breaks above $0.32 with conviction, we could be on deck for a powerful Wave 5 run toward ~$0.90ā$1+. Trade this with smart sizing, clear stops, and a sharp eye on the wave structure.
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š¬ Whatās your move? Enter on the dip, wait for the breakout, or hang tight until the wave count confirms? Letās talk DOGE strategy belowātrade smart, trade better! š
*Disclaimer: Educational only, not financial advice. Always DYOR and manage your downside!*