DOGE/USDT 1H: Accumulation Breakout – Long Setup Above $0.1790
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*Price at $0.17931, showing neutral-bullish structure after recent breakout above PDL.
*Hidden bullish divergence spotted on RSI, indicating strength beneath the surface.
*Smart Money accumulating heavily within discount zone ($0.15 – $0.16), supporting bullish bias.
Trade Setup (Long Bias):
Risk Score:
Key Observations:
Recommendation:
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- Current Market Conditions (Confidence Level: 7.5/10):
*Price at $0.17931, showing neutral-bullish structure after recent breakout above PDL.
*Hidden bullish divergence spotted on RSI, indicating strength beneath the surface.
*Smart Money accumulating heavily within discount zone ($0.15 – $0.16), supporting bullish bias.
Trade Setup (Long Bias):
- Entry: $0.1790 – $0.1795 zone.
- Targets:
- T1: $0.1840
- T2: $0.1920
- Stop Loss: $0.1760 (below recent PDL).
Risk Score:
- 7/10 – Strong volume support at current levels but minor risk due to local consolidation near resistance.
Key Observations:
- Break of structure signals start of markup phase.
- Volume profile supports accumulation-to-expansion transition.
- Strong support confirmed at $0.1760 zone, aligning with previous discount accumulation.
- Momentum building above PDL suggests breakout has legs.
Recommendation:
- Long positions favored within entry zone with tight stop loss below $0.1760.
- Consider securing partial profits at $0.1840 and allowing runners towards $0.1920.
- Monitor price action closely around $0.1840 for potential continuation or rejection signals.
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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.