DOGE/USDT 1H: Bulls Prepping for a Premium Zone Push 
2025-01-20
Category: None

DOGE/USDT 1H Chart Analysis

Current Price: $0.39

 Support Levels: 

 
 Discount zone: $0.36-$0.37 (accumulation zone).
 Stop-loss level: $0.375 (below recent swing low).
 Resistance Targets:
 

 
 T1: $0.41 (previous CHOCH).
 T2: $0.425 (premium zone).
 
 
 Momentum: 
 
 RSI shows bullish divergence with higher lows on RSI against lower lows in price.
 

 Trade Setup: 
 
 Entry: $0.39-$0.395
 Targets: T1: $0.41, T2: $0.425
 Stop Loss: Below $0.375
 
 
Market Maker Activity: 
 
 Stop hunt engineered at $0.36, now in accumulation phase.
 Likely push to premium zone supported by volume profile.
 

 Notes: 
 
 Monitor $0.41 resistance; a break confirms trend change.
 Risk management is essential due to DOGE's volatility.
 Confidence Level: 7.5/10 for bullish continuation.
 


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