DOGE/USDT 1H: Bulls Eyeing $0.42!!
2025-01-22
Category: None

DOGE/USDT 1H Chart Analysis (SMC Principles) 
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Current Price: $0.37924

 Key Points: 
 
 Strong bullish momentum after breaking the equilibrium zone.
 RSI at 59 indicates strength with room to move higher.
 Break above the previous fair value gap (FVG) at $0.365.
 Premium zones identified at $0.40-$0.42.
 
 
 Trade Setup: 
 
 Entry Zone: $0.378-$0.380
 Targets:
 T1: $0.40 (premium zone).
 T2: $0.42 (major resistance).
 Stop Loss: Below $0.365 (recent FVG).
 

 Market Maker Analysis: 
 
 Accumulation phase completed at $0.34-$0.35.
 Likely distribution zone above $0.42.
 No significant divergences present, supporting the bullish case.
 Risk Score: 7/10 (favorable risk-to-reward setup).
 

 Recommendation:
 
 
 Long positions favored with a confidence level of 8/10.
 Monitor for sustained volume and breakout confirmations above $0.40.
 Conservative position sizing advised due to broader market conditions.
 
 Confidence Level: 8/10 for bullish continuation.
