🐶💰 DOGE/USDT Analysis — 30m (June 19, 2025)
Current Price: 0.16893 USDT
Short Trend: Squeeze within a descending channel (potential bullish pennant breakout)
📐 Formed Structure:
Small descending channel pattern as a form of consolidation.
Strong support in the area of 0.1639.
Nearest resistance in the purple zone around 0.1706 – 0.1744.
Breakout target towards the main supply zone at 0.18115 – 0.18202.
✅ Long Entry Scenario:
Aggressive Entry (Buy on support breakout pattern):
🎯 Entry: 0.1680 – 0.1690
🛡 Stop Loss: 0.1650 (below the shadow support)
🎯 TP 1: 0.1740 (minor supply zone)
🎯 TP 2: 0.1810 – 0.1820 (main zone)
🚀 The strength of the uptrend will be driven if volume increases in the breakout channel area!
Confirmation Entry (Break & Retest of the purple zone):
🎯 Entry: 0.1745 – 0.1750
🛡 Stop Loss: 0.1700
🎯 TP: 0.1815
⚠️ This entry waits for breakout validation and retest with confirmation candle
📌 Strategic Notes:
Watch for breakout volume when the price breaks above the upper channel.
Avoid entry while the price is still sideways in the channel — wait for momentum 📈.
If the price rejects above the purple area, a potential drop to retest 0.165 could occur.
✨ Conclusion:
The chart pattern indicates a bullish setup ready to take off 🚀
Safe entry zone: between 0.168 – 0.169
Main target 0.181xx if DOGE successfully surpasses resistance 0.174xx with strength