$DOGE
/USDT โ Sideways Coil Forming, Watch for the Squeeze! ๐โก
$DOGE is trading at $0.16517 (+0.05%) on the 5-minute chart, showing signs of tight consolidation after a minor rebound. Price action suggests a potential breakout move soon as bulls and bears wrestle around the $0.165 zone.
๐ Market Snapshot
Current Price: $0.16517
5M Range: $0.16300 โ $0.16550
Momentum: Neutral with short-term higher lows
๐ Technical Overview
Support: $0.16450 โ holding as a short-term intraday floor
Resistance: $0.16560 โ minor local resistance that needs a breakout
Trend: Currently ranging but forming higher lows, indicating potential bullish bias
๐ฏ Trade Setup โ Anticipating a Range Break
Entry Zone: $0.16510 โ $0.16560
TP1: $0.16620
TP2: $0.16700
SL: Below $0.16440
๐ก Pro Tip:
Wait for a 5-minute candle close above $0.16560 with volume. A breakout from this compression zone could trigger a fast scalp opportunity toward $0.167.
