DOGEUSDT confirmed for BULLISH TREND
2024-09-24

Hello Traders,

On the 1D chart, Dogecoin has swept the previous low and formed a Fair Value Gap (FVG). It has since revisited this area, which can also be interpreted as an Order Block (OB). For those familiar with price action, you’ll know that FVGs can behave similarly to OBs. Once the FVG is tested, the price often moves sharply upwards.

"You can anticipate the price to retrace into these FVGs before continuing in the same direction as the initial impulse move. Savvy traders can leverage this by waiting for price to reach the FVG zone, then entering a trade to ride the trend continuation."

I've highlighted the entry signal on the chart for visual reference, and I’m also including it here for a closer look.

#DOGEUSDT Trade Setup:

Entry: 0.10719 - 0.10862
Stop Loss: 0.09652

Take Profit Targets:
TP1: 0.11565
TP2: 0.13891

Feel free to check out the signal on my chart as well.

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Thanks for your continued trust and support!

