Token : $DOGE
Signal : LONG
After a healthy correction in Bitcoin down to the key $106,500 support zone, DOGE has followed suit by retesting its own support level along with the Value Area High (VAH) of the volume profile. This confluence of technical support signals a potential pivot point, aligning with a bounce from a historically reliable zone. With DOGE now reclaiming momentum and trending back toward its regression channel, the setup presents an attractive opportunity for a long position. Entering here with low to mid leverage offers a favorable risk-to-reward scenario, targeting a move toward the $0.24 level as bullish momentum builds across the broader market.
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On the other hand, USDT Dominance (USDT.D) has been rejected from its trend resistance, signaling a potential shift in market sentiment. As money flows out of stablecoins and into other cryptocurrencies, this indicates growing risk appetite among investors. With USDT.D potentially heading down to 3.71%, it's a strong sign that capital is rotating back into the market. This presents a favorable opportunity to consider spot entries and opening long positions, as altcoins and Bitcoin could see a notable upside in the coming sessions.
Trade setup :
Entry : 0.22
stop loss : 0.21
target : 0.24
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