DOGE/USDT 1H: Institutional Markup Underway – Targeting 0.29!DOGE/USDT 1H: Institutional Markup Underway – Targeting 0.29!
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Market Structure & Momentum:
Bullish Breakout: Price has broken out strongly from the accumulation range with a clear retest.
Pattern: Completed accumulation phase with a breakout and successful retest.
RSI: At 68.61, showing strong momentum but edging toward overbought territory.
Hidden Bullish Divergence: Present on RSI during the recent retest, reinforcing bullish strength
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Smart Money Analysis:
Accumulation Complete: Institutional accumulation occurred between 0.245 - 0.26.
Volume Profile: Displays strong institutional buying, confirming the markup phase.
Liquidity Grab: Clear liquidity grab was executed before the current move.
Outlook: Expect continuation after any minor pullback.
Trade Setup (Confidence 8/10):
Entry: 0.27907 (current level after retest)
Targets:
T1: 0.285
T2: 0.29
Stop Loss: 0.274 (below recent support)
Risk Score: 7/10 – Favorable risk/reward; however, watch for overbought conditions.
Recommendation:
The risk/reward is favorable for longs at this point. Enter at 0.27907, and keep stops tight at 0.274. Monitor for any pullbacks before riding the move toward 0.29.
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