1. Chart Setup
Instrument: DOGEUSDT Perpetual Contract
Timeframe: 4H (each candlestick represents 4 hours)
Current Price: ~0.216 USDT
Trend: Choppy / sideways, after a previous bullish run followed by consolidation.
2. Short Position
On the chart, you see a red (stop loss) and green (take profit) zone, which indicates a short position:
Entry Zone: Around 0.21705 USDT (horizontal blue entry line).
Stop Loss (SL): ~0.23107 USDT (top of the red zone).
If the price moves above this level, the trade is invalidated.
Take Profit (TP): ~0.20173 USDT (bottom of the green zone).
This is where profits will be taken if the trade plays out.
3. Risk-to-Reward Ratio
The red zone (risk) is smaller than the green zone (reward).
Roughly Risk: ~0.014 (6.5%) vs. Reward: ~0.015 (7%) → close to 1:1 R/R ratio.
4. Trading Idea
The trader expects DOGE to drop after rejecting resistance near 0.217–0.218.
The target is a retest of support around 0.2017 (recent swing low).
Stop loss is set just above recent highs to avoid getting trapped in a false breakout.
Instrument: DOGEUSDT Perpetual Contract
Timeframe: 4H (each candlestick represents 4 hours)
Current Price: ~0.216 USDT
Trend: Choppy / sideways, after a previous bullish run followed by consolidation.
2. Short Position
On the chart, you see a red (stop loss) and green (take profit) zone, which indicates a short position:
Entry Zone: Around 0.21705 USDT (horizontal blue entry line).
Stop Loss (SL): ~0.23107 USDT (top of the red zone).
If the price moves above this level, the trade is invalidated.
Take Profit (TP): ~0.20173 USDT (bottom of the green zone).
This is where profits will be taken if the trade plays out.
3. Risk-to-Reward Ratio
The red zone (risk) is smaller than the green zone (reward).
Roughly Risk: ~0.014 (6.5%) vs. Reward: ~0.015 (7%) → close to 1:1 R/R ratio.
4. Trading Idea
The trader expects DOGE to drop after rejecting resistance near 0.217–0.218.
The target is a retest of support around 0.2017 (recent swing low).
Stop loss is set just above recent highs to avoid getting trapped in a false breakout.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.