DOGE/USDT 1H: Accumulation Breakout – Long Setup Above $0.1790

DOGE/USDT 1H: Accumulation Breakout – Long Setup Above $0.1790

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• Current Market Conditions (Confidence Level: 7.5/10):

*Price at $0.17931, showing neutral-bullish structure after recent breakout above PDL.
*Hidden bullish divergence spotted on RSI, indicating strength beneath the surface.
*Smart Money accumulating heavily within discount zone ($0.15 – $0.16), supporting bullish bias.


Trade Setup (Long Bias):

• Entry: $0.1790 – $0.1795 zone.
  
• Targets:
  
• T1: $0.1840
  
• T2: $0.1920
  
• Stop Loss: $0.1760 (below recent PDL).
  

Risk Score:

• 7/10 – Strong volume support at current levels but minor risk due to local consolidation near resistance.
  

Key Observations:

• Break of structure signals start of markup phase.
  
• Volume profile supports accumulation-to-expansion transition.
  
• Strong support confirmed at $0.1760 zone, aligning with previous discount accumulation.
  
• Momentum building above PDL suggests breakout has legs.
  

Recommendation:

• Long positions favored within entry zone with tight stop loss below $0.1760.
  
• Consider securing partial profits at $0.1840 and allowing runners towards $0.1920.
  
• Monitor price action closely around $0.1840 for potential continuation or rejection signals.
  

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