$DOGE - Momentum stalling near resistance as BTC drags the broader market lower.
1h · RSI 63 · price 0.0588 USDT
Entry: 0.0592 USDT
Stop: 0.0597 USDT
TP1: 0.0577 USDT
TP2: 0.0572 USDT
Wait for a 1h close below 0.0592 USDT to confirm the breakdown, targeting a 3.0:1 risk-reward ratio. This remains a conditional setup until the lower bound is decisively breached.
The primary risk is a sudden liquidity sweep above 0.0597 USDT that invalidates the bearish thesis before the move initiates. Are you waiting for a confirmed breakdown of the 0.0592 USDT level or expecting a bounce from current support?
$BTC
#TradingSetup #DOGE
1h · RSI 63 · price 0.0588 USDT
Entry: 0.0592 USDT
Stop: 0.0597 USDT
TP1: 0.0577 USDT
TP2: 0.0572 USDT
Wait for a 1h close below 0.0592 USDT to confirm the breakdown, targeting a 3.0:1 risk-reward ratio. This remains a conditional setup until the lower bound is decisively breached.
The primary risk is a sudden liquidity sweep above 0.0597 USDT that invalidates the bearish thesis before the move initiates. Are you waiting for a confirmed breakdown of the 0.0592 USDT level or expecting a bounce from current support?
$BTC
#TradingSetup #DOGE
