🚨 $DOGE Setup 🚨
🎯 Target:
TP: $0.2280🚀
TP: $0.2300🚀
TP: $0.2350🚀
📈 Technical Analysis:
$DOGE has broken out of a falling channel, signaling a potential bullish reversal. The move is backed by a bullish engulfing candle on the breakout, suggesting renewed buying interest. Price is currently trading near $0.22645 (-1.99%), just above former resistance, now acting as support.
🔑 Key Support/Resistance Zones:
Support: $0.2217
Resistance: $0.2356
A successful retest of the breakout zone ($0.2260–$0.2270) could confirm continuation toward the $0.2356 level.
📊 Volume Insight:
Volume is critical here — watch for a spike in buying activity to confirm the move. Sustained volume could propel DOGE toward new intraday highs.
⚠️ Risk Management Tip:
Use a stop-loss at $0.2217 to define your risk. Consider locking partial profits if DOGE approaches key resistance levels quickly.
#DOGE #BreakoutTrades #MemeCoinWatch
🚀📶
📌 Disclaimer:
This trade setup is based on personal technical analysis and is shared for educational purposes. Always manage your risk and trade within your strategy.