$DOGE $DOGEUSDT is approaching an area where I believe buyers could start showing interest again. After falling from above $0.10, DOGE is now trading around $0.075 just above the green order block on my daily chart.
Live : $DOGE $0.07510 +1.39% | H $0.07563 L $0.07349 | Turnover $46.94M
This is the same demand area that supported a strong rally earlier, which makes current price interesting for a potential recovery. On 4h we swept $0.07210 and are trying to base, daily range is $0.06760 to $0.10594 so we are near the low end.
What matters to me now is how buyers react around this zone. First important level is $0.07857 which previously acted as support before breakdown. If DOGE reclaims $0.07857 with a strong daily close and holds it on retest, I become more confident for a move toward $0.085 to $0.090. Above that $0.09515 and $0.10158 are next resistance levels before my extended target $0.10609.
My chart shows approximately 46.27% potential upside from $0.07253 to $0.10609. That is an attractive recovery scenario but it does not mean price will move there without corrections. DOGE still needs to overcome several resistance levels and I want to see genuine buying strength before expecting larger rally.
Risk management for me, green order block around $0.069 to $0.073 is main demand zone I am watching. Convincing daily close below this area would seriously weaken my bullish outlook. I am interested in buying strength near these lows but I do not need to catch exact bottom. I would rather miss first part of recovery than enter too early and watch another support fail.
My plan is simple, I am giving DOGE time to prove buyers are ready to defend $0.069 to $0.073. No long in middle here. If $0.07857 turns back into support, then long toward $0.085 to $0.090 with stop below $0.07253. If daily closes below $0.069 I step aside. Risk 1 to 2% only.
Are you buying this demand zone or waiting for $0.07857 reclaim to confirm?
Tap $DOGE to trade this recovery setup
@CZ @Binance Live @Binance Square Official @Binance Announcement
#DOGE #ElonMusk
Live : $DOGE $0.07510 +1.39% | H $0.07563 L $0.07349 | Turnover $46.94M
This is the same demand area that supported a strong rally earlier, which makes current price interesting for a potential recovery. On 4h we swept $0.07210 and are trying to base, daily range is $0.06760 to $0.10594 so we are near the low end.
What matters to me now is how buyers react around this zone. First important level is $0.07857 which previously acted as support before breakdown. If DOGE reclaims $0.07857 with a strong daily close and holds it on retest, I become more confident for a move toward $0.085 to $0.090. Above that $0.09515 and $0.10158 are next resistance levels before my extended target $0.10609.
My chart shows approximately 46.27% potential upside from $0.07253 to $0.10609. That is an attractive recovery scenario but it does not mean price will move there without corrections. DOGE still needs to overcome several resistance levels and I want to see genuine buying strength before expecting larger rally.
Risk management for me, green order block around $0.069 to $0.073 is main demand zone I am watching. Convincing daily close below this area would seriously weaken my bullish outlook. I am interested in buying strength near these lows but I do not need to catch exact bottom. I would rather miss first part of recovery than enter too early and watch another support fail.
My plan is simple, I am giving DOGE time to prove buyers are ready to defend $0.069 to $0.073. No long in middle here. If $0.07857 turns back into support, then long toward $0.085 to $0.090 with stop below $0.07253. If daily closes below $0.069 I step aside. Risk 1 to 2% only.
Are you buying this demand zone or waiting for $0.07857 reclaim to confirm?
Tap $DOGE to trade this recovery setup
@CZ @Binance Live @Binance Square Official @Binance Announcement
#DOGE #ElonMusk
