Hey Binance Square Family, pull up a chair — Dogecoin’s just retested a key demand zone, and this setup is serving up a potential breakout narrative! Let’s unpack:
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🔍 What’s Happening with DOGE
Retest in Action
DOGE has pulled back and is testing a high-confluence demand zone around $0.171–$0.172, where it’s previously bounced hard . That’s a bullish cue showing buyers stepping back in near support.
Order‑Block Support Zone
Analysts from DD Trading and Bitcoinist note DOGE is inside a defined order‑block/demand zone. These zones attract lots of limit orders and often launch strong rebounds .
Downtrend Broken?
Some crypto-tech analysts highlight that DOGE has likely broken its shorter-term downtrend structure, entering an upward trend on lower timeframes .
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📈 Key Levels & What They Mean
Level Significance
**$0.170–$0.172** Strong demand/support zone — recent bounces confirm
$0.186–$0.190 Immediate resistance — first target on bullish confirmation
$0.235–$0.240 Higher supply zone — could cap the rally unless volume breaks it
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🛠️ Strategy Ideas for Binance Square
1. Demand‑Zone Long Setup
Entry: $0.171–$0.172 with bullish candlestick signal or volume confirmation
TP₁: $0.186–$0.190 (near supply zone)
SL: Just below $0.168 (break of demand zone invalidates setup)
2. Momentum Breakout Play
Entry: On daily/4H candle close above $0.190 with volume
Targets: $0.235 → $0.240
SL: Below breakout zone ($0.186)
3. Pullback Watch
If DOGE pops to $0.186–$0.190 and retests it as support → consider adding or entering new long
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🔍 What to Monitor
Volume & Candle Structure: Sharp buyer volume at $0.171–$0.172 confirms support
Market Sentiment: Bitcoin/altcoin trends could drag or lift DOGE’s momentum
Higher Timeframe Breaks: A solid breakout above $0.190–$0.195 could open the door to the $0.235–$0.240 zone
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🧠 Binance Square Family Playbook
✅ Trade with structure: pre-defined entry, exit, and stop
✅ Add “Not financial advice” and always encourage DYOR
✅ Engage thoughtfully: “Are you long near $0.171? Watching breakout above $0.190?”
✅ Keep it friendly, evidence-based, and respectful of our Square guidelines
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✨ Quick Recap
Zone: $0.171–$0.172 = Demand zone / order‑block bounce area
First target: $0.186–$0.190, then $0.235–$0.240 on breakout
Stops: Tight, below $0.168 or below the breakout zone
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👾 Final Thought: DOGE's testing a proven demand zone — a bounce with structure & volume could light the path toward a breakout. Let's stay smart, share our setups below, and conquer this together, Square Fam! 💎