🔥 DOGE/USDT: Compression Before Movement — Preparing for the Impulse 🔥
DOGE on the 1H timeframe continues to trade sideways with a slight downward bias. The price is squeezed between short-term EMAs, indicating an accumulation phase. Volatility is decreasing — the market is preparing for the next movement.
📊 Brief on Indicators:
EMA 21 / EMA 50: 0.13251 / 0.13199 — price fluctuates nearby, trend is undefined
RSI (14): 49.47 — neutral zone, potential for growth remains
MACD: in the negative — selling pressure is still present
Stochastic: 26.49 — oversold zone, possible reversal upwards
🧭 Trading Plan
Main Scenario: LONG upon confirmation of breakout
🎯 Targets:
TP1: 0.13400 (+5%)
TP2: 0.13500 (+10%)
TP3: 0.13600 (+14%)
📥 Entries:
Conservative: 0.13279 — after a confident breakout
Aggressive: 0.13234 — from current levels
🛑 Stop-Loss: 0.12950 (risk ~-2.7%)
✅ Summary
DOGE is in a phase of waiting. Oversold conditions on Stochastic and neutral RSI give a chance for an upward impulse, but the key remains the breakout at 0.13279. We work strictly according to the plan and manage risk.
Spot Trading 👉$DOGE
Futures 👇
