The Setup: What I Saw
This trade was all about momentum with structure.
DOGE had been consolidating in a tight range, but I noticed a shift – volume was creeping in, candles were pushing higher, and the dips were getting shallower. It was forming what looked like a bullish continuation pattern, possibly a flag or coil.
Price kept testing the same upper level but didn’t break down, and that tightening price action with rising volume gave me the confidence to jump in.
The Entry & Exit
- Bought: $1.6298
- Sold: $1.6743
- Gain: +2.73%
- Time in trade: 1 hour 45 mins
Once price broke out of that consolidation zone, I entered with the idea of riding a short burst of strength – not a long hold, but a clear momentum play.
My stop was tight, and I had a soft target in mind. As soon as we approached that level and I saw signs of slowing momentum (wicks at the top, lower volume), I took the profit and got out.
What Worked Well
- Clear structure before the move
- Volume confirmation as price broke out
- Quick reaction with a clean exit strategy
- Kept my emotions out of it – this was a textbook scalp, and I didn’t try to squeeze more than the setup offered
This is the kind of trade that reinforces confidence in your system. Simple setup, clear reasoning, and smooth execution.
Takeaways
- You don’t need a massive breakout to make a good trade.
- Consolidation with rising pressure often signals the next leg.
- Have a plan for entry and exit – especially on fast movers like DOGE.
Final Thoughts
Crypto moves fast, and this trade was a good reminder that sometimes the cleanest wins come from the simplest setups. I trusted what I saw, acted without hesitation, and stuck to the plan (more than I can say for my last trade with AMD).
More of these, please.