Peter Smith
⬤ Dogecoin is currently trading near $0.14890 as traders eye a new setup forming after the last 1R trade closed at stop-loss. The weekly chart shows DOGE consolidating within a wide historical accumulation zone after sustained downward pressure. The asset is now positioned just below a key reaction level at $0.15618, which has previously acted as both support and resistance. This suggests the coin might be trying to find its footing after weeks of decline.
⬤ The ongoing "1R only trade setup challenge" now stands at a net gain of 1R after two wins and one loss, translating to roughly a 67 percent win rate. While this isn't an official competition, it demonstrates how consistent 1R trades can build results over time. The approach emphasizes controlled position sizing and disciplined execution, with full transparency on all trade calls. Even at this documented win rate, compounding weekly 1R setups could theoretically turn a $10,000 account into $1 million over 78 trades.
⬤ DOGE is approaching an area where multiple previous setups have formed, which could influence short-term sentiment. The stabilization around $0.15 comes during elevated market volatility, keeping systematic trading frameworks like the 1R method in focus. How price behaves around these identified levels on the weekly chart will likely determine whether Dogecoin can push higher or continue moving sideways in its current consolidation range.
Peter Smith
