DOGE has broken out of local consolidation with momentum and is now retesting the breakout zone, offering a clean long entry with defined invalidation.
Setup Thesis:
After a strong impulse move, price pulled back with low aggression, signaling profit-taking rather than reversal. The current candle structure suggests demand is stepping in at prior resistance-turned-support. This is a textbook breakout-retest continuation setup.
Trade Plan:
Entry: ~$0.1810
Stop Loss: Below ~$0.1764 (beneath breakout zone and structure)
Target: ~$0.1940
R/R: Favorable risk profile with strong reward potential
Confirmation Factors:
Impulsive breakout
Controlled pullback with no aggressive selling
Retest occurring at structural pivot
Still aligned with broader uptrend context
Execution Note:
This setup works best with strong follow-through in the next couple of candles. If price stalls or closes below the stop zone, it's invalidated.
Setup Thesis:
After a strong impulse move, price pulled back with low aggression, signaling profit-taking rather than reversal. The current candle structure suggests demand is stepping in at prior resistance-turned-support. This is a textbook breakout-retest continuation setup.
Trade Plan:
Entry: ~$0.1810
Stop Loss: Below ~$0.1764 (beneath breakout zone and structure)
Target: ~$0.1940
R/R: Favorable risk profile with strong reward potential
Confirmation Factors:
Impulsive breakout
Controlled pullback with no aggressive selling
Retest occurring at structural pivot
Still aligned with broader uptrend context
Execution Note:
This setup works best with strong follow-through in the next couple of candles. If price stalls or closes below the stop zone, it's invalidated.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.