Orrnob Mahmud
Frequent Trader
4.1 Years
I Trade.
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DOGE about to breakout?
$DOGE is supported by a bearish engulfing wedge pattern and is showing signs of a reversal.
If this support holds, we can expect an upward move that will lead the price towards higher resistance.
Key Observations
📉 Downtrend Channel: Price has been respecting this descending structure.
📍 Support Zone (~$0.23-$0.26): Price has bounced multiple times from this area.
📌 Lower Bound of Channel Touched: Potential for a relief rally.
📈 Expected Move: Blue arrow suggests a push toward the mid or upper range of the channel.
Potential Trade Setup
✅ Entry: Long near $0.25 if support holds & price starts forming higher lows.
🚨 Stop Loss: Below $0.23 to avoid breakdown risk.
🎯 Target 1: $0.30 (Mid-range of Channel).
🎯 Target 2: $0.35+ (Upper Bound of Channel).
⚠️ Caution:
If price fails to hold $0.23, next major support is $0.20-$0.18.Need bullish confirmation (higher lows, strong volume) before entering.
#DOGEUSDT #DOGE #Dogecoin #doge⚡ #ElonMuskTalks
If this support holds, we can expect an upward move that will lead the price towards higher resistance.
Key Observations
📉 Downtrend Channel: Price has been respecting this descending structure.
📍 Support Zone (~$0.23-$0.26): Price has bounced multiple times from this area.
📌 Lower Bound of Channel Touched: Potential for a relief rally.
📈 Expected Move: Blue arrow suggests a push toward the mid or upper range of the channel.
Potential Trade Setup
✅ Entry: Long near $0.25 if support holds & price starts forming higher lows.
🚨 Stop Loss: Below $0.23 to avoid breakdown risk.
🎯 Target 1: $0.30 (Mid-range of Channel).
🎯 Target 2: $0.35+ (Upper Bound of Channel).
⚠️ Caution:
If price fails to hold $0.23, next major support is $0.20-$0.18.Need bullish confirmation (higher lows, strong volume) before entering.
#DOGEUSDT #DOGE #Dogecoin #doge⚡ #ElonMuskTalks
#ADAUSDT Cardano has broken the cup and handle pattern and successfully retested it!
If this level is maintained and trading volume increases, the possibility of continuing the uptrend and reaching higher targets increases.
If this level is maintained and trading volume increases, the possibility of continuing the uptrend and reaching higher targets increases.
VTHO Trade Plan - Long / Short - Insights
$VTHO is in a very crucial level after clearing SSL at 0.0037 level.
Key Observations:
Bearish Market Structure:
Each lower high (1 to 5) confirms a consistent downtrend. The price keeps respecting the descending trendline.
Sell-Side Liquidity (SSL) at the Bottom:
The price has tapped into sell-side liquidity, possibly triggering stop losses.This could lead to either a breakdown (continuation of the trend) or a reversal (if large buyers step in).
Breakout Confirmation Needed:
If price closes above the latest lower high (1), it signals a market structure shift (MSS) to bullish.If price breaks below SSL, expect further downside continuation.
Next Steps for a Trade Setup:
✅ For a bullish reversal: Wait for a strong bullish close above 0.003699, ideally with high volume.
✅ For a continuation short trade: Wait for a clean break below 0.003662 and a retest before shorting.
#VTHO #VTHOUSDT #VTHOAnalysis
Key Observations:
Bearish Market Structure:
Each lower high (1 to 5) confirms a consistent downtrend. The price keeps respecting the descending trendline.
Sell-Side Liquidity (SSL) at the Bottom:
The price has tapped into sell-side liquidity, possibly triggering stop losses.This could lead to either a breakdown (continuation of the trend) or a reversal (if large buyers step in).
Breakout Confirmation Needed:
If price closes above the latest lower high (1), it signals a market structure shift (MSS) to bullish.If price breaks below SSL, expect further downside continuation.
Next Steps for a Trade Setup:
✅ For a bullish reversal: Wait for a strong bullish close above 0.003699, ideally with high volume.
✅ For a continuation short trade: Wait for a clean break below 0.003662 and a retest before shorting.
#VTHO #VTHOUSDT #VTHOAnalysis
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