What's next for $DOGE ? | 4h Timeframe Chart Analysis
- The overall picture favors more downside as long as DOGEUSDT stays below 0.09245 and fails to close above that resistance. I expect the price to target 0.08916 next, and possibly reach down to 0.08666 if sellers remain strong.
- If 0.08916 is reached, watch for a possible bounce or liquidity sweep—if price forms a clear bullish reversal (like a pin bar, bullish engulfing, or a strong reversal on lower timeframes), a scalp long back towards 0.09245 is possible, but treat it as counter-trend and require a strong confirmation.
- If price bounces and closes above 0.09245 with momentum, my bearish bias would shift, and I would look for a retest of 0.09574, and possibly higher, but this requires a clear break and hold above resistance.
- For any trade setup, stop-loss should be placed just beyond the swing low (for longs) or above the swing high (for shorts) to protect against sudden reversals or manipulation spikes.
- Example entry scenario: If DOGEUSDT dips to 0.08916 and forms a bullish engulfing candle on the 4h or a strong reversal on the 15m/1h, consider a long toward 0.09245. Wait for the actual reversal candle and increased volume as confirmation, not just the first touch.
