Based on your Dogecoin (DOGE/USDT) 1-hour chart, here's a detailed trade idea with risk-to-reward ratio (RRR) of 1:2 or 1:3 using Smart Money Concepts (SMC) like CHoCH, BOS, PDH/PDL, etc.
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🔍 Current Setup Summary:
Price: 0.213
CHoCH (Change of Character) confirmed on bullish side.
Price has broken structure and created demand zones (green blocks).
It’s in a Premium Zone approaching a Weak High.
Last structure shows a bullish market shift.
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✅ BUY Setup (High Probability Re-entry)
Entry: Around 0.210–0.211
After a pullback to the nearest demand zone (marked green).
Strong previous PDH and equilibrium zone support the pullback.
Stop Loss (SL): 0.207
Below the demand zone and recent CHoCH.
Protects against false breaks.
Take Profit (TP):
TP1 (RRR 1:2): 0.219
Just below the weak high / premium zone.
TP2 (RRR 1:3): 0.223–0.225
At liquidity above the weak high and in the FVG zone (red zone).
> 📊 Risk:Reward
Risk: ~0.003 (entry 0.210 – SL 0.207)
Reward:
TP1: ~0.009 → 1:3 RRR
TP2: ~0.013 → 1:4.3 RRR
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❌ SELL Setup (Only if Price Fails)
If price fails to hold the demand zone and breaks below 0.207:
Entry: 0.206
Confirmed BOS and retest of broken demand → now supply.
Stop Loss: 0.210
Above the last failed support zone.
Take Profit:
TP1 (RRR 1:2): 0.198
TP2 (RRR 1:3): 0.195 (PWL & strong low zone)
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✅ Conclusion:
🔼 Buy is favored unless structure breaks down.
Always trade with risk management.
Stick to 1:2 or 1:3 RRR and 50–60% win rate for long-term edge.
Let me know if you want this setup marked on your chart or a trading plan PDF.
