Hello Traders 🐺
Hope you're doing well!
We’re back with another idea — this time a clean trade setup on DOGE, so make sure to read this one all the way through 👇
As you can see on the chart, price is currently breaking above the descending channel, which forms our falling wedge resistance line — a bullish signal so far. But we need to pay close attention to the next key resistance area around $0.19460, which lines up with the previous high and the red resistance zone.
🔹 So, What’s the Plan?
You’ve got two solid options:
✅ Wait for confirmation.
Look for a clear breakout and at least two 4H candles closing above the resistance line. If price then retests that line as new support, it’s a good spot to enter a long position.
🎯 Stop-loss: Just below the current low at $0.12500
🎯 Target: The top of the wedge — which makes sense, since it also lines up with a heavy resistance zone.
📌 Don’t forget to take partial profits near the top and move your stop-loss to breakeven to secure the trade!
And as always, remember our golden rule:
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
Hope you're doing well!
We’re back with another idea — this time a clean trade setup on DOGE, so make sure to read this one all the way through 👇
As you can see on the chart, price is currently breaking above the descending channel, which forms our falling wedge resistance line — a bullish signal so far. But we need to pay close attention to the next key resistance area around $0.19460, which lines up with the previous high and the red resistance zone.
🔹 So, What’s the Plan?
You’ve got two solid options:
✅ Wait for confirmation.
Look for a clear breakout and at least two 4H candles closing above the resistance line. If price then retests that line as new support, it’s a good spot to enter a long position.
🎯 Stop-loss: Just below the current low at $0.12500
🎯 Target: The top of the wedge — which makes sense, since it also lines up with a heavy resistance zone.
📌 Don’t forget to take partial profits near the top and move your stop-loss to breakeven to secure the trade!
And as always, remember our golden rule:
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Related publications
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.
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Related publications
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.