$DOGE GE consolidating near $0.0857: Rejection from resistance or breakout ahead?
Took a close look at the 1H $DOGE/USDT chart after that recovery from the $0.08108 swing low.
Price action is currently moving sideways around $0.0857, squeezed between immediate support at $0.0848 (Supertrend) and heavy overhead resistance near $0.0870 - $0.0875 (EMA99 & Upper Bollinger Band).
Here is how I’m playing this $DOGE setup right now:
• Short Scalp Scenario (High Probability): If we see a rejection near $0.0868 - $0.0872 resistance, expecting a quick drop back down to retest $0.0848 - $0.0838.
• Bullish Trigger: Need a clear 1H candle close above $0.0876 to confirm a breakout toward $0.0895+.
My Key Levels:
• Target: $0.08450 (Short) / $0.08950 (Long)
• Invalidation (SL): $0.08780 (Short) / $0.08420 (Long)
RSI and MACD are currently flat, suggesting the market is building up momentum for the next volatility surge.
Are you shorting this resistance or waiting for DOGE to break above $0.0875? Let me know below! 👇
Not financial advice. Always practice strict risk management.
#Write2Earn #DOGE #Dogecoin #CryptoAnalysis #BinanceSquare #CryptoTrading
$DOGE
Took a close look at the 1H $DOGE/USDT chart after that recovery from the $0.08108 swing low.
Price action is currently moving sideways around $0.0857, squeezed between immediate support at $0.0848 (Supertrend) and heavy overhead resistance near $0.0870 - $0.0875 (EMA99 & Upper Bollinger Band).
Here is how I’m playing this $DOGE setup right now:
• Short Scalp Scenario (High Probability): If we see a rejection near $0.0868 - $0.0872 resistance, expecting a quick drop back down to retest $0.0848 - $0.0838.
• Bullish Trigger: Need a clear 1H candle close above $0.0876 to confirm a breakout toward $0.0895+.
My Key Levels:
• Target: $0.08450 (Short) / $0.08950 (Long)
• Invalidation (SL): $0.08780 (Short) / $0.08420 (Long)
RSI and MACD are currently flat, suggesting the market is building up momentum for the next volatility surge.
Are you shorting this resistance or waiting for DOGE to break above $0.0875? Let me know below! 👇
Not financial advice. Always practice strict risk management.
#Write2Earn #DOGE #Dogecoin #CryptoAnalysis #BinanceSquare #CryptoTrading
$DOGE