📌
🔹 Asset: Dogecoin (DOGE/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakdown Short Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $0.24410 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $0.24840 (Break of Resistance & Trendline)
🎯 Take Profit Targets
📌 TP1: $0.23992 (First Support Level)
📌 TP2: $0.23459 (Extended Bearish Target)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $0.24840 - $0.24410 = $0.0043 per DOGE
📉 Reward to TP1: $0.24410 - $0.23992 = $0.00418 (0.97 R/R)
📉 Reward to TP2: $0.24410 - $0.23459 = $0.00951 (2.21 R/R)
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakdown Setup: DOGE has broken below the support trendline, signaling bearish continuation.
📌 Support & Resistance Flip: The yellow level ($0.24410) is acting as resistance after breakdown.
📌 Breakdown Confirmation: A strong bearish candle closing below $0.24410 with volume would confirm further downside.
📌 Momentum Shift Expected: If price stays below $0.24410, a drop toward $0.23992 (TP1) and $0.23459 (TP2) is expected.
📊 Key Support & Resistance Levels
🔴 $0.24840 – Strong Resistance / Stop-Loss Level
🟡 $0.24410 – Entry / Breakdown Level
🟢 $0.23992 – First Support / TP1
🟢 $0.23459 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $0.24410 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($0.24410) after TP1 ($0.23992) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $0.23992, let the rest run to $0.23459.
✔ Adjust Stop-Loss to Break-even ($0.24410) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If price closes back above $0.24410, it could indicate a fake breakdown—exit early.
❌ Wait for a strong candle close below $0.24410 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $0.24410 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:0.97 to TP1, 1:2.21 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #CryptoTrading #DOGE #Dogecoin #BreakdownTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumTrading #SwingTrading #TradingView #ShortTrade #TradeSmart #RiskManagement #CryptoBreakdown #Investing #CryptoAlerts #ChartAnalysis 🚀📉
🔹 Asset: Dogecoin (DOGE/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakdown Short Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $0.24410 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $0.24840 (Break of Resistance & Trendline)
🎯 Take Profit Targets
📌 TP1: $0.23992 (First Support Level)
📌 TP2: $0.23459 (Extended Bearish Target)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $0.24840 - $0.24410 = $0.0043 per DOGE
📉 Reward to TP1: $0.24410 - $0.23992 = $0.00418 (0.97 R/R)
📉 Reward to TP2: $0.24410 - $0.23459 = $0.00951 (2.21 R/R)
🔍 Technical Analysis & Strategy
📌 Symmetrical Triangle Breakdown Setup: DOGE has broken below the support trendline, signaling bearish continuation.
📌 Support & Resistance Flip: The yellow level ($0.24410) is acting as resistance after breakdown.
📌 Breakdown Confirmation: A strong bearish candle closing below $0.24410 with volume would confirm further downside.
📌 Momentum Shift Expected: If price stays below $0.24410, a drop toward $0.23992 (TP1) and $0.23459 (TP2) is expected.
📊 Key Support & Resistance Levels
🔴 $0.24840 – Strong Resistance / Stop-Loss Level
🟡 $0.24410 – Entry / Breakdown Level
🟢 $0.23992 – First Support / TP1
🟢 $0.23459 – Final Target / TP2
🚀 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $0.24410 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($0.24410) after TP1 ($0.23992) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $0.23992, let the rest run to $0.23459.
✔ Adjust Stop-Loss to Break-even ($0.24410) after TP1 is reached.
⚠️ Fake Breakdown Risk
❌ If price closes back above $0.24410, it could indicate a fake breakdown—exit early.
❌ Wait for a strong candle close below $0.24410 for confirmation before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Breaking below $0.24410 could lead to lower targets.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:0.97 to TP1, 1:2.21 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #CryptoTrading #DOGE #Dogecoin #BreakdownTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumTrading #SwingTrading #TradingView #ShortTrade #TradeSmart #RiskManagement #CryptoBreakdown #Investing #CryptoAlerts #ChartAnalysis 🚀📉
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.