Dogecoin (DOGEBTC) is aiming at its demand zone long-term.
This zone is sitting on the 15-20 satoshis range (0.00000015 - 0.00000020 BTC). This is marked with a green rectangle on the chart.
There is also strong support at 24 satoshis.
So if you are looking to trade for profits when to buy?
I would either wait for the demand zone to be hit in the range of 15-20 satoshis, waiting with a limit buy order, or wait for a break and close above EMA10.
The final option is to buy and hold with a stop-loss and a plan being ready to act depending on which scenario turns on.
When looking at the short-term chart, daily (1D) time frame, it seems like Dogecoin can consolidate at this level and move up... But when we look at the long-term chart above, it is likely that there will be another drop before Dogecoin next bull run.
Where do you think Dogecoin is headed?
Share your thoughts in the comments section below.