๐ฏ Trade Plan: Long $DOGE
Entry:
$0.1615 (current market price)
StopโLoss (SL):
$0.1530 โ below recent support around $0.154โ$0.156, protecting against a downside break .
TakeโProfit (TP) Targets:
1. TPโ: $0.1680 โ just under resistance at $0.1676โ$0.1680
2. TPโ: $0.1750 โ between 50โday and 200โday moving averages indicating bullish range
3. TPโ: $0.1800 โ next overhead resistance seen in breakout analysis
4. TPโ: $0.1950 โ aligns with highs from May breakouts and bullish volume zones
CLICK HERE TO PLACE THE TRADE ๐๐ป ๐
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๐ Why This Setup?
Support & Resistance: Support holds near $0.154โ$0.156 with resistance at $0.1676 to $0.1800 providing clear decision points .
Technical Indicators: RSI around 60โ62 suggests bullish momentum with room for upside. Bolinger Band width tightening implies an imminent breakout .
Volume & Onโchain Trends: Recent volume spikes and whale accumulation (low BBW, buyers entering) point to a favourable entry zone .
Broader Market: Altโseason optimism, Bitcoin correlation, and potential crypto catalysts could push DOGE higher .
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๐ Position Management
If price hits TPโ ($0.1680): Move SL to breakeven ~ $0.1615 to secure zeroโrisk trade.
If reaching TPโ ($0.1750): Consider locking in partial profits, letting the rest ride to TPโ/TPโ.
In case SL is triggered ($0.1530): Accept the controlled ~โ5% loss and reassess structure before re-entry.