The breakout is accompanied by continued price action above the key moving averages, reinforcing the bullish setup.

DOGE trades above the 50-EMA and 200-EMA, which are converging and may act as dynamic support, reinforcing the upside momentum.

Trade Strategy:

Entry Zone: Around $0.31633 after confirmation of the breakout.

Stop Loss: Below $0.30699 for a failed breakout.

Take Profit Level:

Primary Target (TP): $0.37545 (highlighted resistance area)

The breakout from the symmetrical triangle indicates bullish potential. The trade setup offers a favorable R:R ratio and significant profit potential as long as the price stays above the breakout level and the stop-loss is respected.

#DOGE #CryptoTrading #TradeSetup

DYOR, NFA

@Peter_CSAdmin

https://www.tradingview.com/chart/DOGEUSDT.P/mMq0nrFF-DOGE-USDT-Chart-Analysis-and-Trade-Setup/