๐ DOGE/USDT Range-Bound Trade Setup (1H Chart)
๐ถ Dogecoin is trading inside a clear range between $0.189โ$0.199 with weakening selling pressure and potential for a bounce from support.
๐ Strategy: Long from support โ Take profit near resistance.
๐ฉ Long Entry: $0.1890
๐ Stop-Loss: $0.1870
๐ฏ Take-Profit: $0.1975โ$0.199
๐ Leverage: Max 5x (medium risk)
๐ Risk-Reward Ratio: ~4:1
Reasoning:
โ RSI near oversold (34)
โ Multiple support re-tests at $0.188
โ Bollinger Bands tightening โ breakout likely
โ Price holding above short-term MA support
๐ง Tips:
โข Donโt overleverageโpreserve capital.
โข Trail stop if breakout above $0.199 happens.
โข Avoid revenge trades after stop-loss hit.
โ ๏ธ Not financial advice. Manage your risk.