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#doge #DOGE
Here is a technical analysis of the DOGE/USDT chart with 1D (daily), 1W (weekly), and 1M (monthly) time frames. Plus entry and exit suggestions:
🧠 1. Long-term Trend (Monthly Chart - 1M)
Main trend: Still in a major downtrend since the 2021 all-time high.
Last candle: Small Doji after a sharp decline, volume shrinks → this is usually a signal of silent accumulation.
Key levels:
Resistance: 0.21 – 0.24 USDT
Strong support: 0.14 – 0.12 USDT
✅ Monthly Strategy:
Not yet time for a long term. Wait for the monthly candle to break and close above 0.21 as confirmation of a major trend reversal.
📆 2. Intermediate Trend (Weekly Chart - 1W)
Last candle: Doji after a bearish marubozu → a sign that selling pressure is starting to decrease.
The structure is still forming lower highs & lower lows, but there is a potential for a double bottom around 0.14.
Volume increases during the uptrend, but decreases during the correction → a positive signal from buyers.
✅ Weekly Strategy:
Buy on dip: Ideal accumulation area at 0.15 – 0.165 USDT.
Bullish confirmation = weekly close break above 0.19 – 0.20 USDT.
Cutloss: Weekly close below 0.14.
📅 3. Short-Term Trend (Daily Chart - 1D)
Current price = 0.17724 USDT.
The daily candle forms a small base after selling pressure → an indication of a potential short-term reversal.
Volume is not too high → sideways before the direction is clear.
✅ Daily Strategy:
Entry swing buy low: in the minor support area of 0.165 – 0.17 (use wick).
Exit/TP1: 0.19, TP2: 0.21
Tight stop loss: below 0.165
🧮 Signal Conclusion & Entry-Exit Plan (Combined)
Timeframe | Trend | Entry | Exit | SL
1M | Long-term downtrend | Wait for break 0.21 | - | -
1W | Start accumulation | 0.15 – 0.165 (accumulation) | 0.21 – 0.24 | < 0.14
1D | Sideway to bullish | 0.165 – 0.17 (scalp/swing buy) | TP1: 0.19, TP2: 0.21 | < 0.165