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#GateMeme
DOGE USDT 4H Long Plan
I am currently watching DOGE USDT for a potential long, but I am not interested in buying at the current price without confirmation. My main focus is the valid 4H Order Block shown on the chart.
DOGE has already experienced a strong move down from the previous highs and is now approaching an important demand area. The current market structure is bearish in the short term, so patience is important here. I want price to reach and react properly from the 4H Order Block before considering a long entry.
My main buy area is around the 4H Order Block between 0.08187 and 0.08009.
This area is important because it sits near the lower part of the current move and can potentially provide the liquidity and demand needed for a bullish reaction. However, I will not enter only because price touches the zone.
I want to see price respect the Order Block and give confirmation that buyers are defending this area.
My ideal plan is simple.
First, DOGE comes into the 4H Order Block.
Then I watch whether the low holds.
After that, I want to see a bullish reaction and confirmation that selling pressure is slowing down.
If the structure starts turning bullish from this area, then the long setup becomes valid.
Trade Plan
Buy Area: 0.08187 to 0.08009
Stop Loss: Below 0.07975
First Target: Around 0.08374 to 0.08400
Main Target: 0.09374
Final Target: Previous High around 0.09518
The first area I will watch after entry is the current Pull Back 4H zone. If DOGE can reclaim and hold this area, it will be an important sign that buyers are gaining control again.
The bigger target is the previous high area around 0.09518. That is where I expect previous liquidity and resistance to become important.
Today we also have CPI news, so volatility can increase significantly. For that reason, I do not want to force an entry before the market shows its reaction. News can push price quickly into the Order Block, but the reaction after the move is what matters most.
If DOGE reaches the 4H Order Block and holds the structure, this can provide a strong risk to reward opportunity toward the previous highs.
But if the Order Block fails and price breaks below 0.07975, the long idea is invalid and I will wait for a new setup.
No FOMO and no blind entry.
The plan is to wait for the 4H Order Block, watch the price reaction, wait for confirmation and then follow the structure.
#DOGE #DOGEUSDT $DOGE
@Gate_Square