buy

DOGE: Weekly Close Above $0.241 Could Trigger Rally Toward $0.75–$1.17

I'm in the DOGE trade because the chart gives a clear mechanical trigger: a weekly settlement above $0.241 would print the bullish-engulfing confirmation I'm watching at the mouth of resistance.

If DOGE accepts through the $0.27–$0.30 band it can reopen the path to the mid-$0.30s and test the prior $0.48 rejection; failure to hold the rising trendline would push price toward demand zones near $0.17 and $0.13.

As long as the sequence of higher lows remains intact the wedge can act as a springboard to $0.75, with a fully developed impulse targeting the 1.618 extension near $1.17. At press time DOGE traded at $0.242.

Source available for registered users Sign Up Free

Analysis

The setup offers a favorable risk/reward: a confirmed weekly close above $0.241 increases upside probability, while downside is defined by the rising trendline and clear demand zones. Momentum and wee...

Recommendation

I recommend a buy on confirmation — specifically a weekly settlement above $0.241 — or a scaled/partial entry now with a stop below the rising trendline and position sizing that assumes potential retr...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: