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ELIX

$DOGE is holding a strong bullish structure on the 1H chart.



Price broke out of consolidation with strong momentum and is now pressing near the 0.09472 resistance. A clean breakout above this level could open the door to further upside.

Support sits around 0.0895, with stronger structural support near 0.0850. Losing 0.0850 would weaken the bullish setup.

Entry Zone: 0.0900–0.0920
TP1: 0.0947
TP2: 0.0980
TP3: 0.1020
Stop-Loss: 0.0875

Momentum is bullish, but chasing the breakout is risky. The cleaner trade is a pullback into support or a confirmed break above resistance.

#BTCBreaks77000 #GateLaunchesJapaneseStockTrading #GateBTCSpotTradingRanks #2Globally #ETHBreaks2400
DOGE-4.06%
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Mason_Lee
· 08-23 16:07
Amazing insights 🔥🔥
Reply0
DeFiFarmer
· 08-22 09:29
The long-position setup looks fine, but I’d rather wait until 0.0947 is confirmed on increased volume before entering. I’d rather make less than gamble on a false breakout, especially since BTC just broke below 77000 and the broader market is unstable.
Reply0
L2Freeloader
· 08-22 03:12
Bro, isn’t setting the stop-loss at 0.0875 a bit too tight? The structural support at 0.0850 is more reliable. A quick wick could sweep you out and then pump, completely wrecking your mindset.
Reply0
FraxFlow
· 08-22 03:07
This breakout looks genuinely strong, but 0.0947 has been tested several times. Chasing in before it holds could get you trapped, so it’s safer to buy near 0.09 on a pullback.
Reply0

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