- Bullish vs. Bearish: Despite the retracement, DOGE’s previous bullish impulse was much stronger—watch for demand zone reactions
- Structure Shifts: M15 shows a bullish shift, which could trigger a retracement into higher liquidity zones
- Risk Management: Markets remain unpredictable—wait for confirmations & trade with a plan
Dogecoin, like most altcoins, has been experiencing a sharp retracement in recent days. But before panicking, let’s zoom out.
The Bigger Picture: Bullish Impulse vs. Bearish Pullback
Yes, DOGE is dropping, but look at the daily chart—the previous bullish impulse was far stronger than this retracement.
The price still hasn’t reached a key demand zone, meaning there’s potential for a bounce.
Now, let’s go lower…
H2 & M15: Key Structure Shifts to Watch
On H2, Dogecoin remains bearish. However, there’s significant liquidity above, and a supply zone that could trigger a reaction lower.
So, how do we get there?
On M15, a bullish structure shift just happened. This could drive a retracement into the last H2 bearish impulse, setting the stage for a potential move.
And if we go even lower…
M5: A Demand Zone That Catches My Eye
On M5, there’s a demand zone that looks promising. If price reacts here, it could fuel a push toward liquidity above. But as always—no guarantees.
If you’re looking to trade Dogecoin efficiently, using a trusted trading platform is key. Weex provides advanced tools and low fees to help you execute your strategy smoothly. Check it out here.
Final Thoughts
No one can predict the market with 100% certainty. Dogecoin could respect these levels—or completely ignore them.
That’s why risk management is key. Watch the structure, wait for confirmations, and let the market do its thing.
Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
