analysis 📊 DOGE-->>USDT Dogecoin Technical Analysis – 4H Timeframe

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This is an in-depth technical analysis of Dogecoin (DOGE/USDT) based on the 4-hour timeframe. The analysis covers key support and resistance levels, trade setups, entry/exit points, and overall market sentiment.

⚠ Important: This analysis is conducted on the 4-hour timeframe. If you want shorter timeframes (15m, 30m, 1H) and real-time updates, you need a TradingView Premium Account. Upgrade now to stay ahead of the market! 🚀

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1. Key Observations on the Chart

A. Support & Resistance Levels

• Major Resistance Zones:
  • $0.22 - $0.25 → Strong supply zone, price failed to break multiple times.
  • $0.30+ → Psychological resistance, last tested in January.
• Major Support Zones:
  • $0.16 - $0.17 → Current consolidation area.
  • $0.14 - $0.15 → Strong historical support, potential buy zone.

B. Price Action & Market Structure

• Current Price: $0.16892
• Trend: Bearish with possible accumulation phase.
• Bearish Wicks at Highs: Indicating selling pressure near resistance.
• Bullish Wicks at Lows: Suggesting buyers are stepping in.

C. Indicators & Patterns

• LuxAlgo Support & Resistance Levels: Clearly define major price zones.
• SR Channel & SMA Levels: 200 SMA acting as dynamic resistance.
• Bearish Rejections & Bullish Wicks: Signaling potential reversal or further decline.

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2. Trading Strategy – How to Trade DOGE Right Now

A. Bullish Scenario (Long Entry – Buy Setup)

• Entry: Buy on a confirmed breakout above $0.175 - $0.180
• Target:
  • TP1: $0.20
  • TP2: $0.22
  • TP3: $0.25+ (if momentum continues)
• Stop-Loss: Below $0.16

B. Bearish Scenario (Short Entry – Sell Setup)

• Entry: Short if price rejects $0.175 - $0.18 and starts falling
• Target:
  • TP1: $0.16
  • TP2: $0.14
• Stop-Loss: Above $0.185

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3. Market Sentiment & Risk Management

• Bearish Signs: Downtrend continuation unless buyers step in at key support.
• Bullish Signs: Breakout above $0.18 could trigger a rally.
• Risk Management: Maintain at least 1:2 risk-to-reward ratio on all trades.

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4. Premium Access for Lower Timeframe Insights!

This analysis is based on the 4-hour chart. For real-time data, lower timeframes (15m, 30m, 1H), and exclusive indicators, you need a TradingView Premium Account. 🚀

🔥 Upgrade now to get full market insights and boost your trading strategy! 🔥