- DOGE remains bearish until it breaks key supply levels
- The M30 demand zone is weaker now but could still hold
- Patience is key—don’t rush in without confirmation!
Dogecoin (DOGE) has been on an interesting journey lately, following a retracement of its last daily impulse.
Price has recently tapped into an extreme demand zone, raising the question: Is DOGE gearing up for a reversal, or is more downside coming?
Let’s break it down.
DOGE’s Bearish Structure on H1
Looking at the H1 timeframe, Dogecoin remains bearish until we see a key supply zone break.
So far, price action suggests that sellers are still in control. However, as always, liquidity is key—and DOGE might be setting up for a bigger move.
One thing to note: while I don’t expect another strong reaction from the M30 demand zone, there’s still a possibility.
But if price reaches it directly without accumulating liquidity along the way, the setup becomes weaker.
Key Levels to Watch for DOGE
- H1 Supply Zone: If broken, DOGE could shift bullish.
- M30 Demand Zone: Could hold, but reactions might be weaker this time.
- Daily Extreme Demand: A critical area where we’ve already seen price react.
At this stage, waiting for confirmation is key. FOMO-driven trades often lead to bad decisions—stay patient and let the market show its hand.
Trading Tip: The market doesn’t care about your emotions. It moves where liquidity is. Instead of predicting, focus on reacting to price action.
No Certainties in Trading, Only Probabilities
Let’s be real: no one knows for sure where price will go next. Technical analysis helps us create scenarios, but at the end of the day, the market will do whatever it wants.
The best traders understand this. They don’t try to be right all the time—they just react to high-probability setups.
Final Thoughts on Dogecoin’s Price Action
🔹 DOGE is still bearish on H1, but a supply break could change the trend.
🔹 The M30 demand zone is weaker now, but still worth watching.
🔹 Patience pays off—wait for confirmation before making a move.
What’s your take? Do you think DOGE is ready to reverse?
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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
