๐ Setup $DOGE LONG: #DOGEUSDT | on 1-day โฐ๏ธ
Dogecoin is following a classic ascending triangle pattern on the daily chart โ stacked for a potential breakout above key resistance. Hereโs a complete plan๐ to trade like a pro ๐
โ ๐ฅ๐๏ธ๐โฑ๏ธ๐$DOGE ๐โฑ๏ธ๐๐๏ธ๐ฅโ
๐น Current Price
**$0.2638 USDT**, up ~9% in the last 24 hours
Strong weekly performance, up nearly +30% recently
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๐น Why this pattern is important
Ascending Triangle: Horizontal resistance (~$0.27) + High support line
This pattern often precedes bullish breakouts when volumes confirm
Recent breakout & re-test setup on the daily timeframe โ a typical signal for preparation ๐
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๐ ๏ธ Trading Setup (List Format)
1. Entry Trigger
Long above $0.27 after closing a daily candle above resistance (~$0.272) with strong volume
Alternative entry: on pullback towards the high support around $0.25โ$0.255
2. Stop Loss
Place it below the upward trendline, around $0.245 to manage risk
3. Targets
๐ฏ Target 1: $0.30 (next resistance area)
๐ Target 2: $0.33 (measured move triangle height, ~25% increase)
๐ Target 3: $0.36+ (extended breakout if momentum continues)
4. Risk/Reward
Target 1: ~2:1 R/R
Target 3: ~4:1+ โ strong reward if breakout continues
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โ ๏ธ Risks to watch out for
Breakdown instead of breakout โ cancels the triangle
Cryptocurrency market pullback may halt the movement
Weak breakout without volume support may fail
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๐งญ Summary
DOGE is testing the top of its ascending triangle
Breakout above $0.27 โ Entry
Pullback to $0.25โ$0.255 โ Alternative entry
Stop Loss: ~$0.245
Targets: $0.30 โ $0.33 โ $0.36+
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๐ฅ Summary
This ascending triangle puts DOGE in a position ready for a breakout. A clean move above $0.27 with volume could spark a strong rise towards $0.30โ$0.36+. Trade with a suitable stop loss โ and ride the wave wisely.
๐ Leave a ๐ if you're accumulating DOGE for this setup
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$DOGE ๐โฑ๏ธ๐โ
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