【$DOGE Signal】Short squeeze continues, 1H pullback to go long, aiming for new highs

$DOGE After a strong rally on the 1H timeframe, the price enters a high-level consolidation, moving sideways around 0.1145 to digest gains. The 4H timeframe has formed three consecutive bullish candles breaking out, indicating a strong trend. Currently, the 1H RSI(78.77) is high but not overbought, with EMA20(0.1095) providing dynamic support. This is a typical strong consolidation, waiting for a second upward push. Open interest remains high, funds have not exited, and the order book shows slight selling pressure (-4.66%), with clear main force support.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1140 - 0.1145 (Reason: 1H EMA20 dynamic support zone, lower end of consolidation )

🛑Stop loss: 0.1120 (Reason: Break below recent 1H consolidation low and ATR lower band )

🚀Target 1: 0.1180 (Reason: Previous high resistance and psychological whole number )

🚀Target 2: 0.1220 (Reason: 4H Fibonacci extension at 1.618 of the previous wave )

🛡️Trade management:

- Position suggestion: Light position (Reason: Daily gains are significant, volatility increasing )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.1180, consider targeting 0.1220 for the remaining position.

Deep logic: The 4H timeframe shows volume breakout of the long-term downtrend line, a strong reversal signal. Although the 1H RSI is high, in a strong short squeeze environment, RSI can stay in overbought territory for a long time. Open interest remains stable during the price rise, indicating that the move is not purely driven by short covering but also new long positions entering. The order book shows dense buy orders below 0.1140, forming a support wall. Combined with positive funding rates, market sentiment is bullish but not overheated, leaving room for further upside. The current strategy is to seize the 1H pullback opportunity and target new highs.

Trade here 👇 $DOGE

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