Dogecoin Tightens: Symmetrical Triangle Aligns with Wyckoff Setup

Dogecoin's price is currently consolidating within a symmetrical triangle, aligning with a Wyckoff setup, suggesting potential strength for an upcoming move. Key points include:

Higher lows and compressed structure indicate a potential breakout.
The multi-timeframe (MTF) range strategy advises long positions at discounts and shorts at premiums.
Dogecoin is forming an 8H Bojan pivot in the extreme discount zone, similar to Bitcoin's challenging recent pattern.
On lower timeframes, traders look for Wyckoff Model 1 structures for entry points.
Trade management involves a 2% risk per setup, targeting specific Wyckoff zones.

Despite a general downtrend, Dogecoin is building a stronger market structure, attempting higher lows. The symmetrical triangle formation suggests selling exhaustion and possible directional breakout.

Dogecoin