DOGE Sitting on the Line Again - History Says Watch Closely
This weekly setup has played out twice before and the chart is lining up for a third look.
🗣 Original analyst's view
Trader Tardigrade notes DOGE has run the same script three times: rounded base under a falling trendline, breakout, retest that holds, then the surge. He says 2016 and 2020 both delivered massive moves off the retest and price is sitting on the line again.
🔥 Why I am watching
- The pink rounded bases and blue falling lines match across the cycles on the weekly chart.
- Current candles are testing that same line right now near 0.077.
- Past holds of this retest zone were followed by strong purple-arrow upside.
🚀 Breakout trigger
- I want a clear weekly bounce or close that defends the line.
- No confirmation means no chase for me.
- Volume expansion on the hold would strengthen the case.
🎯 My trade idea
- Bias: Long after the retest proves itself.
- Estimated entry: 0.075-0.079 if it holds.
- TP1: 0.12 area.
- TP2: 0.18-0.20 based on prior cycle scale.
- Invalidation: weekly close under 0.065.
- Est. odds after confirmed hold: ~55-65% chance of TP1 before stop (subjective).
Are you waiting for the hold or already positioning? 👇
Tell me the confirmation signal you trust most here.
Not investment advice - research on your own! 🚀
$DOGE
This weekly setup has played out twice before and the chart is lining up for a third look.
🗣 Original analyst's view
Trader Tardigrade notes DOGE has run the same script three times: rounded base under a falling trendline, breakout, retest that holds, then the surge. He says 2016 and 2020 both delivered massive moves off the retest and price is sitting on the line again.
🔥 Why I am watching
- The pink rounded bases and blue falling lines match across the cycles on the weekly chart.
- Current candles are testing that same line right now near 0.077.
- Past holds of this retest zone were followed by strong purple-arrow upside.
🚀 Breakout trigger
- I want a clear weekly bounce or close that defends the line.
- No confirmation means no chase for me.
- Volume expansion on the hold would strengthen the case.
🎯 My trade idea
- Bias: Long after the retest proves itself.
- Estimated entry: 0.075-0.079 if it holds.
- TP1: 0.12 area.
- TP2: 0.18-0.20 based on prior cycle scale.
- Invalidation: weekly close under 0.065.
- Est. odds after confirmed hold: ~55-65% chance of TP1 before stop (subjective).
Are you waiting for the hold or already positioning? 👇
Tell me the confirmation signal you trust most here.
Not investment advice - research on your own! 🚀
$DOGE
