DOGE/USDT Chart Analysis and Trade Setup.
DOGE/USDT has broken out of the symmetrical triangle pattern, indicating a potential bullish continuation.
The breakout is accompanied by continued price action above the key moving averages, reinforcing the bullish setup.
DOGE trades above the 50-EMA and 200-EMA, which converge and may act as dynamic support, reinforcing the upside momentum.
Trade Strategy:
Entry Zone: Around $0.31633 after confirmation of the breakout.
Stop Loss: Below $0.30699 for a failed breakout.
Take Profit Level:
Primary Target (TP): $0.37545 (highlighted resistance area)
The breakout from the symmetrical triangle indicates bullish potential. The trade setup offers a favorable R: R ratio and significant profit potential as long as the price stays above the breakout level and the stop-loss is respected.
#DOGE #CryptoTrading #TradeSetup
DYOR, NFA
@Peter_CSAdmin
The breakout is accompanied by continued price action above the key moving averages, reinforcing the bullish setup.
DOGE trades above the 50-EMA and 200-EMA, which converge and may act as dynamic support, reinforcing the upside momentum.
Trade Strategy:
Entry Zone: Around $0.31633 after confirmation of the breakout.
Stop Loss: Below $0.30699 for a failed breakout.
Take Profit Level:
Primary Target (TP): $0.37545 (highlighted resistance area)
The breakout from the symmetrical triangle indicates bullish potential. The trade setup offers a favorable R: R ratio and significant profit potential as long as the price stays above the breakout level and the stop-loss is respected.
#DOGE #CryptoTrading #TradeSetup
DYOR, NFA
@Peter_CSAdmin
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.