DOGE/USDT Long Setup
2024-12-10
Category: None

DOGE is showing a strong bullish opportunity as it retraces into a key Fair Value Gap (FVG) on the 4H timeframe. The recent Market Structure Shift (MSS) signals potential upside momentum, supported by buyer activity at this critical level.

Key Highlights:
1️⃣ Fair Value Gap (FVG): Price has tapped into the FVG near $0.3600–$0.3745, a zone where imbalance has attracted buyers.
2️⃣ Upside Targets:

First TP: $0.4078
Second TP: $0.4265
Final TP: $0.4849
3️⃣ Stop Loss: Set at $0.3600 to protect against invalidation of this setup.
Trade Plan:
Entry Zone: $0.3745–$0.3800.
Take Profit Levels:
TP1: $0.4078
TP2: $0.4265
TP3: $0.4849
Risk Management: Keep your stop below $0.3600 for a healthy risk-to-reward ratio.
DOGE has shown strong reactions from these levels historically, and this setup aligns with bullish momentum building up. Let's see how far this ride can take us