DOGE · 1H · UPTREND
My previous LONG from Sep 3 was stopped out — that's the honest starting point. The setup required a close above 0.0901 to confirm, and simultaneously offered a short on rejection below 0.0888. Price has since pushed through both levels and is sitting at 0.08986 right now, which means the stop on the long triggered before the breakout completed. The structure that stopped me out has now resolved bullish: price broke above 0.0901, pushed into 0.0918, and is currently pulling back into that zone. The sequence of higher lows from the 0.0820 base through the 0.0840 consolidation and now the 0.0895 area is intact — this is an uptrend off a clean base, and the move has real legs given that it's cleared every liquidation cluster I had mapped above price in the previous read.
My read now is that price is in a time correction just below the 0.0918 cluster. The spike to 0.0935+ on Sep 4–5 tapped the dense cluster at 0.0934, paused, and has pulled back to retest the 0.0902 zone. That retest is holding. I'm watching for a close back above 0.0902 to confirm the pullback is over and the next leg starts.
LONG SCENARIO
Confirmation
0.0902
Closing above 0.0902 on the 1H — reclaiming the dense cluster overhead and confirming the pullback into 0.0895–0.0902 held as support.
Invalidation
0.0870
Structure invalidated on a close below 0.0870 — the dense liquidation cluster below and where the ascending base loses its meaning; a flush there means the pullback became a reversal.
Target 1
0.0918
Dense liquidation cluster directly overhead; where a squeeze accelerates and where I'm taking first profit.
Target 2
0.0934
The next dense cluster and the swing high visible on this chart; full measured extension of the base from 0.0820.
Risk/Reward
(0.0918 − 0.0902) / (0.0902 − 0.0870) = 0.5:1 to T1 — thin to T1, so I'm sizing for T2: (0.0934 − 0.0902) / (0.0902 − 0.0870) = 1.0:1
Resistance: 0.0918 / 0.0934
Support: 0.0884 / 0.0870
This is not financial advice. Content is AI-generated.