(AI) Trade Setup Analysis
Timeframe: 1D (Daily)
Position Type: Short (Sell)
Entry Point: 0.2380
Positioned exactly between the stop loss and take profit zones, providing a balanced short entry from a key resistance level.
Stop Loss (SL): 0.2460
Placed above the resistance zone to protect against a bullish breakout. Risk is approximately +3.36% from entry.
Take Profit (TP): 0.2200
Target set at a significant support area, offering a potential downside of around -7.56% from entry.
Risk/Reward Ratio: 2.25
A moderate but favorable setup with more than double the reward compared to the risk.
Technical Outlook:
DOGEUSDT is approaching a resistance zone after a short-term bounce. This area could act as a ceiling, potentially triggering a retracement toward the $0.2200 support.
Bearish Scenario: Rejection at 0.2380 could open the way for a move toward the 0.2200 target.
Bullish Invalidation: A sustained close above 0.2460 would invalidate the bearish outlook and could trigger further upside.
Summary:
This setup aims to capture a potential short-term reversal from resistance with a clearly defined stop and target, supported by a favorable risk/reward ratio.
Timeframe: 1D (Daily)
Position Type: Short (Sell)
Entry Point: 0.2380
Positioned exactly between the stop loss and take profit zones, providing a balanced short entry from a key resistance level.
Stop Loss (SL): 0.2460
Placed above the resistance zone to protect against a bullish breakout. Risk is approximately +3.36% from entry.
Take Profit (TP): 0.2200
Target set at a significant support area, offering a potential downside of around -7.56% from entry.
Risk/Reward Ratio: 2.25
A moderate but favorable setup with more than double the reward compared to the risk.
Technical Outlook:
DOGEUSDT is approaching a resistance zone after a short-term bounce. This area could act as a ceiling, potentially triggering a retracement toward the $0.2200 support.
Bearish Scenario: Rejection at 0.2380 could open the way for a move toward the 0.2200 target.
Bullish Invalidation: A sustained close above 0.2460 would invalidate the bearish outlook and could trigger further upside.
Summary:
This setup aims to capture a potential short-term reversal from resistance with a clearly defined stop and target, supported by a favorable risk/reward ratio.
Trade active
HIT ENTRYTrade closed: stop reached
HIT STOP LOSS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.