$DOGE
Long Entry Strategy
Currently, the price is testing a major horizontal support (marked by your green line). However, the recent price action shows multiple BOS (Break of Structure) to the downside, meaning the trend is bearish. You should not "catch a falling knife" without confirmation.
1. The Entry Point
Optimal Entry: Wait for a 1-hour candle to close above the 0.1205 level.
Confirmation: Look for a "Bullish Engulfing" candle or a long lower wick (rejection) at this support. If the price breaks and holds below 0.1200, do not enter.
2. Take Profit (TP) Targets
TP 1: 0.1230 (This is the previous consolidation zone and near the "MSS" label on your chart).
TP 2: 0.1250 (Near the recent swing high/Order Block area).
3. Stop Loss (SL)
Stop Loss: Place it at 0.1188.
If the price closes below this level, the support has failed, and the price could drop significantly lower toward 0.1150.
Trade Summary
ActionPrice LevelEntry TypeLimit Buy or Market (after 1h bullish confirmation)Entry Price$0.1204 - $0.1206Stop Loss$0.1188Target 1$0.1230Target 2$0.1248