$DOGE #What’sNextforBitcoin?

Here’s a concise analysis and potential setup for DOGE/USDT:

Current Market Snapshot

· Price: 0.10282 (+7.60%)
· 24h High: 0.10349
· 24h Low: 0.09497
· Bollinger Bands (20,2): Upper 0.10412, Middle 0.10217, Lower 0.10021
· SAR: 0.10268 (below price, indicating uptrend)
· MACD: Near zero (DIF -0.00076, DEA 0.00077, histogram -0.00001) – showing consolidation.

Applying Your 5-Step Strategy

1. 4H Liquidity

· Key level: The 24h high at 0.10349 is a recent resistance. On a 4H chart, this likely represents a liquidity zone where stop orders and sell limits cluster.
· Another potential liquidity area is the upper Bollinger band at 0.10412, which may act as a magnet.

2. 5-Min Sweep

· Watch for a quick move above 0.10349 (taking out the 4H high) on the 5-minute timeframe. This “sweep” would hunt stops and trigger breakout traders, often leading to a reversal or pullback.

3. FVG (Fair Value Gap)

· After the sweep, look for a 5-minute candle to close back below the breakout level, creating an imbalance (gap) between consecutive candles.
· A typical FVG forms when the low of a retracement candle is above the high of the previous candle (or vice versa), indicating inefficiency. In this case, if price sweeps to ~0.1036 then quickly drops, the zone between the sweep high and the retracement low may become an FVG.

4. Entry

· Enter on a retest of the FVG zone, ideally with confirmation (e.g., a bullish reversal candle on the 5-min chart).
· Place a stop loss just below the sweep low (or the recent swing low, e.g., around 0.10200 if structure holds).

5. 3RR Target

· With a stop loss of about 0.0008 (from entry ~0.10280 to stop ~0.10200), a 3:1 reward would target a move of 0.0024, placing the take-profit near 0.10520.
· This aligns with the next psychological resistance and possibly the upper Bollinger expansion.

Summary

Currently, price is hovering below the 24h high. If it breaks and sweeps 0.10349, a 5-minute pullback could present an FVG entry. Monitor the 5-min chart for a clean sweep and subsequent retracement. Ensure volume confirms the move, and adjust stop/target based on actual sweep levels.