【$DOGE Signal】Pullback on Long + Strong Breakout on 1H Level with Healthy Retracement

$DOGE The 1H level just completed an epic volume breakout, with the price violently rising from 0.0965 to 0.10088. Currently, it is in a high-level consolidation phase after the breakout. A single giant bullish candle on the 4H level completely engulfs the previous candles, indicating a shift from weak to strong trend. The current price around 0.0998 is consolidating, which confirms a retracement of the breakout area rather than a trend reversal, making it an excellent short-term sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0995 - 0.0997 (Reason: Retracement to the 1H EMA20 support and the upper part of the breakout bullish candle)

🛑Stop Loss: 0.0980 (Reason: Break below the 1H EMA50 and the starting point of the previous volume spike bullish candle, confirming the breakout failure)

🚀Target 1: 0.1020 (Reason: Previous high resistance and psychological whole number level)

🚀Target 2: 0.1045 (Reason: Fibonacci 0.618 retracement level of the previous downtrend on the 4H level)

🛡️Trading Management:

- Position Size Suggestion: Standard position (Reason: 4H and 1H resonance bullish signal, risk-reward ratio >2)

- Execution Strategy: After entering, if the price rises smoothly, reduce 50% of the position near Target 1, and move the stop loss of the remaining position to the entry price (break-even). Hold the remaining position for Target 2. If the price directly falls back into the entry zone, indicating insufficient momentum, strictly cut losses.

Deep Logic: This rally was accompanied by massive volume (5.58 billion during the 11-12 o'clock 1H candle), a clear signal of main capital entering. Although current buy depth is slightly weak (depth imbalance -1.36%), the price has not fallen sharply, showing selling pressure is effectively absorbed. The 1H RSI is at a high of 73 but not in extreme overbought territory, leaving room for further upside. Negative funding rates suggest bears are still present, hinting at potential short squeeze scenarios. Stable Open Interest indicates this is not purely leveraged-driven but supported by real funds.

Trade here 👇 $DOGE

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