As mentioned in previous analysis, a buy position on DOGE was opened following the upside breakout of a trendline and a subsequent range zone. The target for this trade is 100% gain. Currently, 10% of that gain has already appeared. The expectation is that the full target will be hit soon.
Educational Note: A breakout followed by a range (consolidation) is a common pattern. After an impulsive move, the market often pauses to digest the gain and build energy for the next leg. As long as price holds above the breakout level, the bullish structure remains valid.
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DOGEUSDT
Perp
0.07594
-1.27%