Spot Position & Realized Profit:
Spot position held from the $0.19 sweep.
Previous long from demand taken and partially realized at $0.26, de-risking the core position.
Current Structure:
After reaching resistance ($0.26–$0.27 zone), price is retracing.
Daily demand/support sits around $0.20–$0.21, with multiple confluences for spot re-accumulation.
Immediate Plan:
Waiting for price to revisit daily demand ($0.20–$0.21) to reload spot and/or open fresh longs.
Watching for a possible lower timeframe (1H) bullish confirmation (e.g., 1H change of structure/1H CSD) as a trigger for a tactical long before daily demand is tagged.
LTF Play:
If price prints a 1H CSD, a quick long up to daily imbalance ($0.24–$0.25) can be considered.
Invalidation:
Loss of daily demand ($0.188) would invalidate the bullish scenario and require re-evaluation.
Upside Target:
If demand holds, looking for moves back into daily supply/imbalance, with ultimate HTF targets at $0.26, $0.32, and higher.
Reasoning:
The core plan is to build spot exposure at strong demand after de-risking on the first move up. The context is that DOGE has shown willingness to bounce at major demand, and with realized profits in the pocket, risk can be managed comfortably on new entries. Short-term, LTF confirmation (such as a 1H CSD) can offer a tactical long back into daily imbalance before the main reloading zone is tagged. Patience and precise triggers are key—no need to rush until price action confirms.
Spot position held from the $0.19 sweep.
Previous long from demand taken and partially realized at $0.26, de-risking the core position.
Current Structure:
After reaching resistance ($0.26–$0.27 zone), price is retracing.
Daily demand/support sits around $0.20–$0.21, with multiple confluences for spot re-accumulation.
Immediate Plan:
Waiting for price to revisit daily demand ($0.20–$0.21) to reload spot and/or open fresh longs.
Watching for a possible lower timeframe (1H) bullish confirmation (e.g., 1H change of structure/1H CSD) as a trigger for a tactical long before daily demand is tagged.
LTF Play:
If price prints a 1H CSD, a quick long up to daily imbalance ($0.24–$0.25) can be considered.
Invalidation:
Loss of daily demand ($0.188) would invalidate the bullish scenario and require re-evaluation.
Upside Target:
If demand holds, looking for moves back into daily supply/imbalance, with ultimate HTF targets at $0.26, $0.32, and higher.
Reasoning:
The core plan is to build spot exposure at strong demand after de-risking on the first move up. The context is that DOGE has shown willingness to bounce at major demand, and with realized profits in the pocket, risk can be managed comfortably on new entries. Short-term, LTF confirmation (such as a 1H CSD) can offer a tactical long back into daily imbalance before the main reloading zone is tagged. Patience and precise triggers are key—no need to rush until price action confirms.
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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.
Related publications
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.