$DOGE
š DOGE/USDT ā Channel Range Accumulation Play
š Timeframe: 4H
š° Current Price: $0.2276
š Trend Context: DOGE is trending within a well-defined ascending channel. Price is currently mid-range, rejecting from a local high, consolidating above key support at ~$0.22.
š© Entry Plan (Long Bias):
š Entry Zone:
Aggressive: $0.2250 ā $0.2275 (current consolidation zone)
Safer Entry (Dip Buy): $0.2130 ā $0.2180 (support block)
Breakout Entry: Above $0.2450 on strong volume
šÆ Take-Profit Targets:
šÆ TP1: $0.2400 (recent local resistance)
šÆ TP2: $0.2570 (upper range test)
šÆ TP3: $0.2750 ā $0.2800 (channel top)
š”ļø Stop-Loss:
š» SL: $0.2100 (below local support and ascending channel midline)
āļø Risk-Reward Tip:
Entry: $0.2250 | SL: $0.2100
TP2: $0.2570 ā Risk:Reward ā 2.1:1
TP3: $0.2750 ā Risk:Reward ā 3.33:1
Move SL to breakeven at TP1.
š Alternate Bearish Scenario:
If DOGE loses $0.2100 with volume:
š Downside targets: $0.1880 and $0.1700 (channel support retest)
ā
Confirmation Triggers:
šø Bullish engulfing candle near $0.2250 zone
šø RSI bouncing from 40ā45 range
šø BTC holding above $67K or trending sideways
š„ Signal Strength:
Moderate to High ā DOGE is holding structure and consolidating near the mid-range, offering a decent R:R for bulls with confirmation.