The memecoin season is heating up, with Dogecoin ($DOGE) leading the charge as the king of speculative assets. The recent political shifts and the announcement of Gary Gensler’s resignation in January have injected optimism into the altcoin sector. Traders are now trying to figure out the best way to ride the upcoming DOGE move.
Here are three key strategies to navigate the DOGE storm:
1. Immediate Entry: Buy Now ($0.41–$0.42)
This strategy involves buying DOGE at current levels to capitalize on its strong momentum. Traders should monitor volume closely and place a stop-loss below $0.38 to protect against downside risks.
2. The Pullback Play: Enter at $0.36–$0.38
This strategy recommends waiting for a pullback to enter a trade, taking advantage of the strong confluence at the $0.36–$0.38 zone. Traders should layer buy orders between these levels and anticipate a bounce from dynamic support. A stop-loss should be placed below $0.34 for safety.
3. Breakout Confirmation: Above $0.42
This strategy involves waiting for a breakout above $0.42 to confirm the strength of DOGE. A breakout accompanied by strong volume signals a new bullish leg. Traders should buy the breakout and scale in further after a confirmed retest of this level as support.
DOGE’s momentum is undeniable, and missing this run could mean missing the season, as this ship might not return to the harbor for a long time.
