DOGE/USDT 1H: Institutional Markup Underway – Targeting 0.29!
2025-02-15
Category: None

DOGE/USDT 1H: Institutional Markup Underway – Targeting 0.29! 
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 Market Structure & Momentum: 
 
 Bullish Breakout: Price has broken out strongly from the accumulation range with a clear retest.
 Pattern: Completed accumulation phase with a breakout and successful retest.
 RSI: At 68.61, showing strong momentum but edging toward overbought territory.
 Hidden Bullish Divergence: Present on RSI during the recent retest, reinforcing bullish strength
 .
 Smart Money Analysis: 
 
 Accumulation Complete: Institutional accumulation occurred between 0.245 - 0.26.
 Volume Profile: Displays strong institutional buying, confirming the markup phase.
 Liquidity Grab: Clear liquidity grab was executed before the current move.
 Outlook: Expect continuation after any minor pullback.
 
 Trade Setup (Confidence 8/10): 
 
 Entry: 0.27907 (current level after retest)
 Targets:
 T1: 0.285
 T2: 0.29
 Stop Loss: 0.274 (below recent support)
 Risk Score: 7/10 – Favorable risk/reward; however, watch for overbought conditions.
 
 Recommendation: 
 
 The risk/reward is favorable for longs at this point. Enter at 0.27907, and keep stops tight at 0.274. Monitor for any pullbacks before riding the move toward 0.29.
 

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