To provide a futures trading plan for $DOGE
/USDC, let’s analyze the chart and metrics shown:
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📈 Chart Observations (1H Timeframe):
Current Price: 0.19060 USDC
24h High: 0.19570
24h Low: 0.18657
Recent Support: ~0.186
Recent Resistance: ~0.1957
Trend: Short-term pullback after a bounce from ~0.186 area
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✅ Suggested Futures Trade Setup (Short-Term Swing)
Scenario: Long Position (Bullish Bias)
📍 Entry Point: 0.18900 – 0.19000 (Pullback zone)
🎯 Take Profit (TP): 0.19550 – retest of recent high
🛑 Stop Loss (SL): 0.18600 – below recent swing low
Risk-Reward Ratio:
Approx. 1:2, which is favorable:
Risk: 0.18900 → 0.18600 = 0.003
Reward: 0.18900 → 0.19550 = 0.0065+
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📉 Scenario: Short Position (If Rejected at Resistance)
📍 Entry Point: 0.19450 – 0.19550 (Resistance zone)
🎯 Take Profit (TP): 0.18950
🛑 Stop Loss (SL): 0.19650
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📊 Market Sentiment (Based on Chart & Volume):
Neutral-to-Bullish in short term:
Price has rebounded from support.
Currently experiencing resistance at ~0.195.
Mixed candles suggest indecision but potential for upward continuation.
Volume: Healthy (24h Vol: 106.81M DOGE), indicating active participation.
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⚠️ Notes:
Watch Bitcoin/ETH movements as they heavily influence altcoins.
Use tight risk management in futures due to DOGE’s high volatility.
If using leverage, adjust SL and position size accordingly.
Would you like the same setup on a different timeframe (like 4H or 1D) or for a short-term scalping strategy?