$DOGS/USDT – Triangle Breakout in Play | Trade Setup

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