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Dear readers and followers,
There’s not much new to report regarding this live signal and the PAMM account at the moment. A significant upward trend is only expected by the beginning of March. You might be wondering why this is the case and why substantial growth won’t occur before then. The reason lies in my current position at DOGEUSD. DOGE is in a declining correction phase. As for how low this coin might drop, some projections suggest a bottom around $0.25. Following that, we anticipate a new rally where bulls could take control of the market. The forecasted target price might even reach as high as $1. However, a more realistic expectation for the first peak would be somewhere around $0.40–$0.42.
At present, my large position on DOGEUSD is in a temporary drawdown of approximately $1.4K. I anticipate that this position will finally move into profit within the next two months. As I mentioned earlier, that’s when I expect to see significant growth. In the meantime, I’ve activated all systems, meaning the application is set to ON, but I’m operating with minimal risk. I plan to increase risk toward the end of February gradually—perhaps even later, depending on market conditions. However, my DOGEUSD position needs to turn a profit, and only then will I increase my risk. Fortunately, my available capital allows me to hold this position in the red for an extended period if necessary. However, the current drawdown limits my ability to increase risk exposure on other crypto pairs significantly.
For those who wish to monitor the performance of this signal, I encourage you to follow it on Myfxbook, where all statistics are regularly updated. Additionally, anyone interested in copying this MT4 signal can do so on the MQL5 website under the signal’s dedicated page KONG or directly within the MT4 platform. Investors seeking to participate in the PAMM system can register and invest via the following link: Dragons Dogma Crypto (PAMM). Please note that registration with the broker providing this service, InstaForex, is required beforehand.
Current Market Analysis and Future Outlook on DOGEUSD Position
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As of January 11, 2025, Dogecoin's market capitalization stands at approximately $49.27 billion, with a circulating supply of around 147.57 billion DOGE coins. In recent months, DOGE has exhibited significant volatility. After reaching a peak of $0.4839 within the past 52 weeks, the price has retracted, currently trading around $0.3382. This decline aligns with a broader market correction observed across various cryptocurrencies.
Technical analysis indicates that DOGE is in a consolidation phase, with key support levels identified at $0.35 and $0.285. A breach below these levels could potentially lead to further declines, while resistance levels are observed at $0.40 and $0.42. The Relative Strength Index (RSI) suggests that DOGE is approaching oversold territory, which may precede a bullish reversal. Given the current market dynamics, it is advisable to monitor DOGE's price movements closely, especially around the identified support and resistance levels, to make informed trading decisions.
Thank you all for your continued support and interest in this topic. I’ll keep you updated on any major developments as we approach March. Stay tuned, and feel free to share your thoughts or questions below!
Warm regards,
Dear readers and followers,
There’s not much new to report regarding this live signal and the PAMM account at the moment. A significant upward trend is only expected by the beginning of March. You might be wondering why this is the case and why substantial growth won’t occur before then. The reason lies in my current position at DOGEUSD. DOGE is in a declining correction phase. As for how low this coin might drop, some projections suggest a bottom around $0.25. Following that, we anticipate a new rally where bulls could take control of the market. The forecasted target price might even reach as high as $1. However, a more realistic expectation for the first peak would be somewhere around $0.40–$0.42.
At present, my large position on DOGEUSD is in a temporary drawdown of approximately $1.4K. I anticipate that this position will finally move into profit within the next two months. As I mentioned earlier, that’s when I expect to see significant growth. In the meantime, I’ve activated all systems, meaning the application is set to ON, but I’m operating with minimal risk. I plan to increase risk toward the end of February gradually—perhaps even later, depending on market conditions. However, my DOGEUSD position needs to turn a profit, and only then will I increase my risk. Fortunately, my available capital allows me to hold this position in the red for an extended period if necessary. However, the current drawdown limits my ability to increase risk exposure on other crypto pairs significantly.
For those who wish to monitor the performance of this signal, I encourage you to follow it on Myfxbook, where all statistics are regularly updated. Additionally, anyone interested in copying this MT4 signal can do so on the MQL5 website under the signal’s dedicated page KONG or directly within the MT4 platform. Investors seeking to participate in the PAMM system can register and invest via the following link: Dragons Dogma Crypto (PAMM). Please note that registration with the broker providing this service, InstaForex, is required beforehand.
Current Market Analysis and Future Outlook on DOGEUSD Position
[You must be registered and logged in to see this image.]
As of January 11, 2025, Dogecoin's market capitalization stands at approximately $49.27 billion, with a circulating supply of around 147.57 billion DOGE coins. In recent months, DOGE has exhibited significant volatility. After reaching a peak of $0.4839 within the past 52 weeks, the price has retracted, currently trading around $0.3382. This decline aligns with a broader market correction observed across various cryptocurrencies.
Technical analysis indicates that DOGE is in a consolidation phase, with key support levels identified at $0.35 and $0.285. A breach below these levels could potentially lead to further declines, while resistance levels are observed at $0.40 and $0.42. The Relative Strength Index (RSI) suggests that DOGE is approaching oversold territory, which may precede a bullish reversal. Given the current market dynamics, it is advisable to monitor DOGE's price movements closely, especially around the identified support and resistance levels, to make informed trading decisions.
Thank you all for your continued support and interest in this topic. I’ll keep you updated on any major developments as we approach March. Stay tuned, and feel free to share your thoughts or questions below!
Warm regards,
