🚀 $DOGE Breakdown Brewing! Rejection Zone Holding Strong – Bears Might Be Back❗️
Market Breakdown Incoming?
Dogecoin just tapped into a major supply zone, aligned with a clean descending trendline and multiple bearish FVGs above. After a slow grind up, price is showing signs of exhaustion and respecting resistance at the 0.158xx region. If this rejection holds, we could be eyeing a sharp move to the downside.
Technical Highlights
Heavy cluster of bearish FVGs left unfilled
Price rejected from trendline + supply block combo
Sell-side liquidity still resting below 0.1500
Fair Value Gap at 0.1540 likely to act as short-term magnet
Next Move?
A breakdown below 0.1548 could send DOGE straight toward the 0.1499–0.1488 demand zone
Bulls need a strong close above 0.1585 to invalidate this bearish setup
As long as the trendline holds, sellers are in control
Pro Tip
Watch for bearish engulfing candles at this key resistance. If volume confirms, short entries here could offer solid R:R setups targeting the lower FVGs.
DOGE Isn’t Barking Yet – But It’s Ready To Bite
Don’t get caught chasing green wicks. This setup screams patience, precision, and profit for smart traders.
Smash that like if you're watching DOGE for a clean rejection move!
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