DogeCoin 2/17 (scalping + forecast)
🔥 Market Overview:
Trend: Dogecoin (DOGE) is in a downtrend on the 2H and 1D timeframes, struggling to break above the 200 EMA, while the weekly chart shows a potential support test.
Key Levels: DOGE is consolidating between $0.25 – $0.27, with strong resistance above.
Resistance:
🩸 Major Resistance: $0.274 (critical breakout level for bullish continuation).
🩸 Local Resistance: $0.265 (short-term selling pressure).
Support:
🩸 Major Support: $0.255 (if lost, expect a drop to $0.245).
🩸 Local Support: $0.259 (buyers stepping in).
Indicators:
MACD (2H, 1D): Bearish momentum, with weak crossover attempts—no clear buy signals yet.
RSI (2H, 1D): 37-38, slightly oversold but not a confirmed reversal.
EMA 200 (2H, 1D): Acting as resistance—DOGE remains below key trend levels.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Sideways Trading)
Buy: $0.255 – $0.259, targeting $0.265 – $0.270.
Sell: $0.270 – $0.274, targeting $0.259.
Stop-loss: Below $0.253 (for long), above $0.276 (for short).
🩸 2. Breakout Scalping (Momentum Play)
Long Entry: Above $0.274, targeting $0.285 – $0.290.
Short Entry: Below $0.255, targeting $0.245 – $0.240.
🩸 3. EMA Scalping
If DOGE rejects EMA 200, short with a target at $0.255.
If DOGE flips EMA 200 into support, long with a target at $0.274+.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Bullish Scenario: DOGE breaks and holds above $0.274, leading to a push toward $0.290+.
Bearish Scenario: DOGE fails to hold $0.255, leading to a retest of $0.245 – $0.240.
🔥 News & Market Context:
Elon Musk & Dogecoin: Any updates from Musk or major influencers could spike volatility.
Institutional Flow: No significant accumulation—watch for volume increases.
Crypto Market Sentiment: If Bitcoin remains bearish, DOGE may continue its correction.
🔥 Decision:
🩸 Short-term: Scalping the $0.255 – $0.274 range, waiting for confirmation.
🩸 Mid-term: Breakout play above $0.274 or short below $0.255.
🩸 Ideal Play: Monitoring RSI & MACD for confirmation of a reversal.
👑 Final Verdict:
Dogecoin is in a corrective phase, with $0.274 as the key breakout level. Scalp within the range, but a breakout or breakdown will define the next major move.
🔥 FinCaesar's Quote:
"A true trader masters patience—watch, wait, and strike when the moment is right." 👑
Trend: Dogecoin (DOGE) is in a downtrend on the 2H and 1D timeframes, struggling to break above the 200 EMA, while the weekly chart shows a potential support test.
Key Levels: DOGE is consolidating between $0.25 – $0.27, with strong resistance above.
Resistance:
🩸 Major Resistance: $0.274 (critical breakout level for bullish continuation).
🩸 Local Resistance: $0.265 (short-term selling pressure).
Support:
🩸 Major Support: $0.255 (if lost, expect a drop to $0.245).
🩸 Local Support: $0.259 (buyers stepping in).
Indicators:
MACD (2H, 1D): Bearish momentum, with weak crossover attempts—no clear buy signals yet.
RSI (2H, 1D): 37-38, slightly oversold but not a confirmed reversal.
EMA 200 (2H, 1D): Acting as resistance—DOGE remains below key trend levels.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Sideways Trading)
Buy: $0.255 – $0.259, targeting $0.265 – $0.270.
Sell: $0.270 – $0.274, targeting $0.259.
Stop-loss: Below $0.253 (for long), above $0.276 (for short).
🩸 2. Breakout Scalping (Momentum Play)
Long Entry: Above $0.274, targeting $0.285 – $0.290.
Short Entry: Below $0.255, targeting $0.245 – $0.240.
🩸 3. EMA Scalping
If DOGE rejects EMA 200, short with a target at $0.255.
If DOGE flips EMA 200 into support, long with a target at $0.274+.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Bullish Scenario: DOGE breaks and holds above $0.274, leading to a push toward $0.290+.
Bearish Scenario: DOGE fails to hold $0.255, leading to a retest of $0.245 – $0.240.
🔥 News & Market Context:
Elon Musk & Dogecoin: Any updates from Musk or major influencers could spike volatility.
Institutional Flow: No significant accumulation—watch for volume increases.
Crypto Market Sentiment: If Bitcoin remains bearish, DOGE may continue its correction.
🔥 Decision:
🩸 Short-term: Scalping the $0.255 – $0.274 range, waiting for confirmation.
🩸 Mid-term: Breakout play above $0.274 or short below $0.255.
🩸 Ideal Play: Monitoring RSI & MACD for confirmation of a reversal.
👑 Final Verdict:
Dogecoin is in a corrective phase, with $0.274 as the key breakout level. Scalp within the range, but a breakout or breakdown will define the next major move.
🔥 FinCaesar's Quote:
"A true trader masters patience—watch, wait, and strike when the moment is right." 👑
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.