Dogecoin
Long

DOGEUSD 4H Chart Analysis - Bullish Breakout in Play!

63
✅ Buy Setup - Retest Opportunity After Breakout

Dogecoin has broken out of the previous resistance area near 0.17000, showing strong bullish momentum. Price has created a clean bullish structure, and buyers are in control.

Buy Zone:

Look for potential entries between 0.17000 - 0.17150 if price retests this zone.



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📊 Trade Setup Details

Buy Entry: 0.17150 (Wait for bullish rejection confirmation)

Stop Loss (SL): 0.16850 (Below previous structure support)

Take Profit 1 (TP1): 0.17550 (First bullish target)

Take Profit 2 (TP2): 0.18000 (Psychological resistance zone)



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⚠️ Risk Management Tip

Only enter after bullish confirmation candle at the buy zone.

Maintain risk-reward above 1:2 for optimal trade setup.

Watch for momentum around 0.17550, price may pause or pull back.



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💡 Market Sentiment

Breakout structure indicates bullish strength.

As long as price holds above 0.17000, bullish continuation expected.

Failure to hold above 0.17000 invalidates this buy setup.



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