$DOGE
On the 4-hour and 1-hour timeframes, a bullish structure remains in place with buyer dominance.
The price made a local pullback into the discount zone after forming a new Higher Low (HL). On the 15-minute timeframe, short-term correction (bearish) is observed; however, the overall market dynamic remains upward.
The priority is to find a long entry point in the support zone of the higher order.
Trading setup (Long)
Entry Zone: 0.0720 – 0.0730
Logic: Enter the area of interest (Order Block) located within the discount zone. The level is confirmed by a local bullish impulse on the 1h chart and serves as support for continuation.
TP: 0.0745 – 0.0755
Target is to remove liquidity above local highs (EQH) and close the inefficiency (FVG) left in the supply zone.
SL: 0.0715
The stop-loss level is below the confirmed HL on the 1-hour timeframe. A close below this level invalidates the current bullish scenario and indicates a break of the local structure in favor of sellers.
#TradingSetup #TechnicalAnalysis #cryptotrading #BinanceSquare
On the 4-hour and 1-hour timeframes, a bullish structure remains in place with buyer dominance.
The price made a local pullback into the discount zone after forming a new Higher Low (HL). On the 15-minute timeframe, short-term correction (bearish) is observed; however, the overall market dynamic remains upward.
The priority is to find a long entry point in the support zone of the higher order.
Trading setup (Long)
Entry Zone: 0.0720 – 0.0730
Logic: Enter the area of interest (Order Block) located within the discount zone. The level is confirmed by a local bullish impulse on the 1h chart and serves as support for continuation.
TP: 0.0745 – 0.0755
Target is to remove liquidity above local highs (EQH) and close the inefficiency (FVG) left in the supply zone.
SL: 0.0715
The stop-loss level is below the confirmed HL on the 1-hour timeframe. A close below this level invalidates the current bullish scenario and indicates a break of the local structure in favor of sellers.
#TradingSetup #TechnicalAnalysis #cryptotrading #BinanceSquare