Instrument: DOGSUSDT
Time Frame: 4H
Exchange: Bitget
Trading Type: SwingTrading
I'll create a mid-to-long term long setup strategy using the DOGSUSDT 4-hour chart.
Starting with the red-circled points, we observe key movements centered around the major mid-trend line. After this trend line was strongly broken previously, it is now indirectly providing support, which indicates its significance.
If this trend line continues to hold as support, we could anticipate another strong upward movement from this area. Should the price rise and successfully retest and hold key levels, it could present an opportunity to establish a long setup with a risk-reward ratio of approximately 5:1 as the main strategy.