Dogecoin has successfully broken out of a falling wedge and is now trending within a rising channel on the 4H timeframe. The price recently reclaimed the 0.214 support zone and is now showing continuation with strong volume and structure.
After the breakout and multiple retests, the pair offers a compelling long opportunity.
Setup Details:
Entry Zone: 0.208 to 0.214
Stop Loss: 0.186
Targets:
• 0.251 – First major resistance
• 0.289 – Mid-level breakout target
• 0.321 – Psychological round number
• 0.364 – Final target (approx. 51% move)
Technical Structure:
Breakout from falling wedge followed by bullish channel, Higher highs and higher lows clearly forming, Volume supports accumulation near breakout levels, Support holding above 0.214, confirming demand
Support Zones:
0.214 (reclaimed)
0.190 (intermediate)
0.163 (major demand zone)
Resistance Zones:
0.251
0.289
0.321
0.364
This setup offers a clean risk-reward ratio with confirmation on trend continuation. A rejection at 0.251 may present another opportunity to re-enter on a retest.
DYOR. Not financial advice.
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