$DOGE /USDT on Binance, possibly in the Distribution or Reaccumulation phase, with key levels labeled like UT (Upthrust), LPS (Last Point of Support), and Spring.
Let’s build a trade setup based on this Wyckoff interpretation:
🧠 Wyckoff-Based DOGE/USDT Trade Setup (Binance)
Current Price Area: ~$0.265–$0.270
Context: You’re likely in Phase C/D of Reaccumulation, depending on volume + price behavior
🔑 Key Wyckoff Levels (from your chart)
LabelPriceMeaningUT$0.260–0.270Upthrust (test of resistance)LPS$0.225Last Point of Support (bullish retest)SPRING$0.200Shakeout to trap bearsW$0.227 / 0.215Double bottom area (Phase C?)Distribution Top$0.270–0.275Rejection zone
🟩 Bullish Scenario – Reaccumulation Confirmed
Entry Zone: $0.250–$0.255 (buy on LPS retest)
Stop Loss: Below $0.240 or $0.227
Target 1 (TP1): $0.270
Target 2 (TP2): $0.290
Target 3 (TP3): $0.305+
📌 Confirm with:
Rising volume on bounce from $0.250
Break above $0.270 with strong momentum
🟥 Bearish Scenario – Distribution Plays Out
If $0.250 breaks with volume and no recovery:
Sell/short on failed LPS retest (~$0.245)
Target: $0.225 → $0.20 (SPRING test zone)
📊 Volume & Price Action to Watch:
Decreasing volume into support → bullish LPS
High volume spring & fast reclaim of $0.25 → reaccumulation confirmed
Weak bounce at $0.250 → potential drop to $0.22–$0.20
Would you like this chart visually marked up in Wyckoff phases with trade zones, or adapted into a bot/grid strategy?
#BinanceAlphaAlert #MastercardStablecoinCards #BinancePizza #Write2Earn! #doge