DOGE's Critical Rebound Zone: Strategic Analysis

Instrument: DOGEUSDT

Time Frame: 4H

Exchange: Bitget

Trading Type: Swing Trading

 


86bf0-6780fff74cc46-4a94c7352f97f3d90dcf1d6999c8786c80991b2d.png

 

*Dogecoin is currently at a pivotal rebound zone. It is demonstrating a strong recovery at the Fibonacci 0.618 level, which coincides with a significant supply-and-demand zone.

As long as this level holds and remains unbroken, a bullish approach will be prioritized, aiming for a potential rise toward the previous high of 0.398. A buy-oriented strategy will guide our positioning, keeping the key support intact as a critical factor.