📊 4H Chart Analysis 
DOGEUSDT.P
DOGE previously broke out of an Adam & Eve pattern, leading to a strong rally. However, price has now retraced back to the pattern's support zone, which is a critical decision point for the next move.
🔍 Key Levels to Watch
🟢 Support Zone: The previous neckline is now acting as support. A strong bounce could confirm this level as a solid demand zone.
🔴 Breakdown Risk: If price fails to hold and closes below this level, we could see a further drop to lower liquidity areas.
🎯 Possible Trade Setups
✅ Bullish Scenario (Long Entry)
Entry: Around support zone after confirmation.
Targets: First FVG zone, then major resistance.
Stop-loss: Below breakdown of support.
❌ Bearish Scenario (Short Entry)
Entry: Below the support breakdown.
Targets: Lower FVG and structural support levels.
Stop-loss: Above the reclaimed support level.
🚨 Final Thoughts
DOGE is at a make-or-break level. A bounce from here could trigger another push higher, while a breakdown may lead to further declines. Keep an eye on volume and price action before entering a trade.
📢 What do you think? Will DOGE hold support or break down? Comment below!
DOGEUSDT.P DOGE previously broke out of an Adam & Eve pattern, leading to a strong rally. However, price has now retraced back to the pattern's support zone, which is a critical decision point for the next move.
🔍 Key Levels to Watch
🟢 Support Zone: The previous neckline is now acting as support. A strong bounce could confirm this level as a solid demand zone.
🔴 Breakdown Risk: If price fails to hold and closes below this level, we could see a further drop to lower liquidity areas.
🎯 Possible Trade Setups
✅ Bullish Scenario (Long Entry)
Entry: Around support zone after confirmation.
Targets: First FVG zone, then major resistance.
Stop-loss: Below breakdown of support.
❌ Bearish Scenario (Short Entry)
Entry: Below the support breakdown.
Targets: Lower FVG and structural support levels.
Stop-loss: Above the reclaimed support level.
🚨 Final Thoughts
DOGE is at a make-or-break level. A bounce from here could trigger another push higher, while a breakdown may lead to further declines. Keep an eye on volume and price action before entering a trade.
📢 What do you think? Will DOGE hold support or break down? Comment below!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.