DDOGS/USDT has broken out of a well-formed symmetrical triangle on the 1H chart, indicating a potential bullish continuation, provided BTC remains steady.
Structure:
Pattern: Symmetrical triangle
Breakout Confirmed: Yes, above 0.0001300
Retest Expected: Likely between 0.0001240 and 0.0001271
Key Levels:
Immediate Resistance:
0.0001300 (Breakout level)
0.0001407 (First major resistance)
0.0001624
0.0001741
Support Zones:
0.0001240–0.0001271 (Retest & entry zone)
0.0001178 (Stop Loss level)
0.0001080 (Major swing support)
Trade Plan:
Entry:
Ideal zone: 0.0001240–0.0001271 (on successful retest)
Avoid entries far above the breakout zone without confirmation
Stop Loss:
Placed below previous swing support at 0.0001178
Targets:
T1: 0.0001407
T2: 0.0001624
T3: 0.0001741
Technical Indicators:
RSI: Trending near 63 (mildly overbought) — watch for divergence or continuation
Volume: Spike confirms breakout, but retest volume should ideally be lower for a healthy setup
Outlook:
If BTC continues holding key levels, DOGS looks ready for a potential move. The risk-reward ratio is favorable on a successful retest, with clear invalidation below 0.0001178.
DYOR | Not Financial Advice
Structure:
Pattern: Symmetrical triangle
Breakout Confirmed: Yes, above 0.0001300
Retest Expected: Likely between 0.0001240 and 0.0001271
Key Levels:
Immediate Resistance:
0.0001300 (Breakout level)
0.0001407 (First major resistance)
0.0001624
0.0001741
Support Zones:
0.0001240–0.0001271 (Retest & entry zone)
0.0001178 (Stop Loss level)
0.0001080 (Major swing support)
Trade Plan:
Entry:
Ideal zone: 0.0001240–0.0001271 (on successful retest)
Avoid entries far above the breakout zone without confirmation
Stop Loss:
Placed below previous swing support at 0.0001178
Targets:
T1: 0.0001407
T2: 0.0001624
T3: 0.0001741
Technical Indicators:
RSI: Trending near 63 (mildly overbought) — watch for divergence or continuation
Volume: Spike confirms breakout, but retest volume should ideally be lower for a healthy setup
Outlook:
If BTC continues holding key levels, DOGS looks ready for a potential move. The risk-reward ratio is favorable on a successful retest, with clear invalidation below 0.0001178.
DYOR | Not Financial Advice
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.