๐ Market Outlook
Current Price: $0.213
Recent bullish CHoCH (Change of Character) has shifted the market sentiment upward
Price has broken above previous structure, forming new demand zones (highlighted in green)
Currently trading in a Premium Zone, nearing a known Weak High
Market structure remains bullish, with momentum favoring buyers
๐ข Buy Opportunity โ Pullback-Based Entry
Entry Range: $0.210โ$0.211
Anticipated retest of the closest 1-hour demand zone
This zone aligns with both the previous dayโs high (PDH) and the equilibrium level, offering high-probability support
Stop Loss: $0.207
Placed safely beneath the demand zone and the CHoCH low
Limits downside exposure in case of a liquidity sweep or invalidation
Take Profit Targets:
TP1 (1:2 RRR): $0.219
Positioned just before the Weak High to avoid premature reversals
TP2 (1:3โ1:4.3 RRR): $0.223โ$0.225
Targets liquidity above the Weak High, overlapping with a nearby Fair Value Gap (FVG)
๐ Risk vs Reward:
Risk: ~$0.003 (from $0.210 to $0.207)
Reward:
TP1: +$0.009 โ RRR = 1:3
TP2: +$0.013 โ RRR = 1:4.3
๐ป Sell Scenario โ Only If Structure Fails
Bearish Trigger: Price breaks decisively below $0.207
Short Entry: $0.206
Activated after BOS confirmation and a clean retest of the broken demand area, now acting as supply
Stop Loss: $0.210
Placed above the invalidated demand to protect against re-entries
Targets:
TP1 (1:2 RRR): $0.198
TP2 (1:3 RRR): $0.195 โ near previous weekโs low and key swing support
๐ Final Notes
The buy setup remains primary as long as price respects the $0.207 zone
Risk management is critical: always stick to defined SLs and minimum 1:2 RRR
Maintain consistency with 50โ60% win rate, and the edge will compound over time
$DOGE