The Doge/USDT pair on the 1-hour chart has broken out from a symmetrical triangle, indicating a potential bullish trend 📈.
Analysis: - Entry: Between 0.10558 and 0.10663 could be a good buy zone 🎯. - Take Profit (TP): Target is set at 0.11238 to 0.11242, a key resistance level. Watch for potential reaction at this level 🏁. - Stop Loss (SL): Placed around 0.10267. If this level breaks, it's best to exit to avoid further losses 🛑.
Key Points: - Risk to Reward: The risk/reward ratio is favorable, offering a solid profit potential 💼. - Continued Move: If the price breaks above 0.10798 and holds, the probability of reaching the target increases 📊.
Signal: - Buy (Long) between 0.10558 with a target of 0.11238 and a stop loss at 0.10267 🚀.