$DOGE /USDT – Strong Recovery Bounce Trade

After a sharp wick-down shakeout, Dogecoin has quickly regained footing at the support zone and is now showing a bullish engulfing pattern on the 15-min chart. This rebound signals strong buyer interest and a potential move to reclaim higher levels.

Entry Price: 0.17771

Target 1: 0.17850

Target 2: 0.17890

Target 3: 0.17918

Stop Loss: 0.17717

Risk Management Note:

Always manage risk properly. Enter with limit orders and keep your position sizing within 1-2% of your portfolio. Quick recovery setups like this can be volatile—use trailing stops if price nears target zones for dynamic protection.

Pro Tip for Followers:

Wick rejections followed by quick engulfing candles are a high-probability setup, especially near key support zones. Watch volume and RSI for added confirmation. Be early, be accurate, and stay protected.

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