Trade Analysis: Long #DOGSUSDT
https://www.tradingview.com/x/VCvzkuVc/
Overview
DOGSUSDT.P is currently showing promising signs of upward movement, supported by increasing buyer volumes and favorable order flow. With its low correlation to Bitcoin, it stands as an active instrument in the current market.
Setup Details
Entry Point: $0.0007765
Stop Loss: $0.0007172
Take Profits:
Technical Background
Execution Strategy
Anticipate a price squeeze toward the level, followed by local consolidation on lower timeframes (e.g., 5-minute). Enter on breakout confirmation and place a stop-loss behind the range to minimize risk.
Key Takeaways
This trade is set up for a short-term breakout, with risk parameters clearly defined. Always ensure proper risk management before entering any position.
Overview
DOGSUSDT.P is currently showing promising signs of upward movement, supported by increasing buyer volumes and favorable order flow. With its low correlation to Bitcoin, it stands as an active instrument in the current market.Setup Details
Entry Point: $0.0007765
Stop Loss: $0.0007172
Take Profits:
- TP1: $0.0008245
- TP2: $0.0008795
- TP3: $0.0009573
Technical Background
- A cascade of liquidity levels above the current price will serve as fuel for a bullish breakout.
- A false breakout from the channel reflects seller weakness, confirming a bullish bias.
Execution Strategy
Anticipate a price squeeze toward the level, followed by local consolidation on lower timeframes (e.g., 5-minute). Enter on breakout confirmation and place a stop-loss behind the range to minimize risk.
Key Takeaways
This trade is set up for a short-term breakout, with risk parameters clearly defined. Always ensure proper risk management before entering any position.
Disclaimer
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