#DOGE Update #3 – July 29, 2025
I’m still holding my Doge position and haven’t been stopped out. I plan to lower my average cost by adding to the position at potential reversal zones. This is how I intend to proceed. My entry level is currently $0.2583, and my target is $0.2986, which means I’m aiming for roughly a 15% profit.
At the moment, the price has pulled back about 11% from that level. There’s nothing to worry about—it’s perfectly normal. Doge is continuing its movement by taking support from the bottom of an upward trend. I’m still in the position and planning to exit with profit without setting a stop.
I’m still holding my Doge position and haven’t been stopped out. I plan to lower my average cost by adding to the position at potential reversal zones. This is how I intend to proceed. My entry level is currently $0.2583, and my target is $0.2986, which means I’m aiming for roughly a 15% profit.
At the moment, the price has pulled back about 11% from that level. There’s nothing to worry about—it’s perfectly normal. Doge is continuing its movement by taking support from the bottom of an upward trend. I’m still in the position and planning to exit with profit without setting a stop.
Note
I'm still holding my position in Doge. Currently, Doge has entered a lower channel but is trying to climb by taking support from the MA-200 level.The first level it’s likely to encounter is the upper resistance of the channel it entered, which is around the 0.2288 USD range. The next resistance level would be around 0.2444 USD. Although Doge is not showing a sharp upward move at the moment, it has the potential for sudden spikes, so I haven’t added to my position yet.
I’m maintaining the trade, and my targets remain the same.
Trade active
Doge has re-entered its previous channel and is currently moving toward the bottom of that channel. Unfortunately, it has broken below the MA200 band on the 4-hour timeframe and continues its downward move. If the $0.20 level breaks, the first strong support zone where Doge is likely to get a reaction will be around $0.18. However, since Doge has been using this channel for a long time, I don’t believe it will break below it and start a new impulsive move in the opposite direction. I’m still holding my position. I haven’t sold anything or exited any part of it. I also haven’t made any additions yet. I’m still waiting. I will add more at the appropriate zone when the time comes.Note
Doge has broken below the lower boundary of its previous channel and is now moving toward the low formed during its last impulsive move. As long as the $0.19 level is not broken with a strong candle, a healthy reversal is still possible for Doge. However, I haven’t reduced my average cost by adding from lower levels yet, as I’m not seeing any clear reversal signals. Therefore, I’ll continue to hold this position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.