$DOGE USDT - BULLISH BREAKOUT AND RETEST! 🚀
Here's a quick technical analysis of the $DOGEUSDT chart:
Key Levels:
* Current Price: 0.18014 🟢
* Immediate Resistance: 0.18104 (The green line above the current price, representing the recent high).
* Target Resistance: 0.18390 (The upper green box, a significant price target if the bullish momentum continues).
* Immediate Support: 0.17985 (The grey line, acting as crucial immediate support after the recent retest).
* Strong Support: 0.17790 (The red line, indicating a more significant support level and the proposed stop-loss point).
* Previous Resistance/Now Support: The black lines around 0.17780 and lower represent previous resistance levels that have now been broken and could act as strong support.
Trade Setup:
Given the clear bullish breakout from the previous consolidation range and the current retest of the breakout level, we are looking for a LONG entry.
* Entry: Consider an entry around 0.17980 - 0.18020 (around the current price, confirming the retest of the breakout level).
* Target 1 (TP1): 0.18200 🎯
* Target 2 (TP2): 0.18350 🚀
* Target 3 (TP3): 0.18390 🌟
* Stop Loss (SL): 0.17780 🛑 (Just below the strong support level of 0.17790).
Risk Management:
Always define your stop-loss before entering a trade and stick to it! Risk only a small, fixed percentage (e.g., 1-2%) of your capital on each trade to protect against unexpected market movements. This disciplined approach is key to sustainable trading. 🛡️💰
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