COIN NAME: $DOGE
SIGNAL TYPE: LONG🚀🚀
CHART ANALYSIS:
So, if we look at the chart, we can clearly see an ascending triangle taking shape. This is a well-known bullish continuation pattern, meaning we could be setting up for a breakout. But as always, we need confirmation before making a move.
Now, let’s talk about MACD. We’re using the 12-day moving average, and it’s trying to follow the uptrend. This tells us that momentum is picking up. However, we’re also spotting some liquidity traps on the downside. This means there could be a stop-hunt before the price actually makes its real move. That’s why patience is key here!
Trading Strategy
A well-planned trading strategy is essential when dealing with an ascending triangle pattern. Here’s how to approach this setup effectively:
Wait for a breakout confirmation – The price should close above resistance with significant volume to validate the move.
Be cautious of liquidity sweeps – Market makers may trigger stop-loss orders before the price moves upward.
Look for a retest entry – After a breakout, the price often retests the previous resistance level, turning it into support. This can provide an optimal entry point.
Set stop-loss wisely – Placing stop-loss orders just below liquidity zones can prevent premature exits caused by market fluctuations.
If we see in longer time frame we see a uptrand . Also our fibos golden pocket hold upsides which is a good sign for us. Do your own research before the trade.
ENTRY ZONE: 0.33753
TP:0.41753
SL:0.26720
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