$DOGE /USDT data. Based on the current price at $0.17164 and nearby levels, here's a precise price action-based trade setup:
DOGE/USDT Trade Setup (4H / 1H Timeframe)
Context:
Price: $0.17164, consolidating below key resistance zones
Major Resistance: $0.20000
Weak Highs: $0.18500–$0.19500 (likely to be swept if bullish momentum returns)
Support Area: $0.16500–$0.17000 (equilibrium zone)
Bullish Breakout Play (Momentum Setup):
Entry: Break and close above $0.18000–$0.18500
Confirmation: Strong candle + volume, ideally retest of broken level
Targets:
TP1: $0.19500
TP2: $0.20000+ (psychological breakout)
Stop Loss: $0.17400
Support Bounce Play:
Entry: $0.16500–$0.17000
Confirmation: Hammer or bullish engulfing + RSI bounce
Targets:
TP1: $0.17650
TP2: $0.18500
Stop Loss: $0.16200
Bearish Breakdown Setup:
Entry: Below $0.16500 with strong bearish candle
Targets:
TP1: $0.15800
TP2: $0.15000
Stop Loss: $0.17000
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