$DOGE /USDT BEARISH REVERSAL — BULLS LOST CONTROL AS SUPPORT FLIPS TO RESISTANCE!
Price action shows a clear breakdown below the support zone near $0.23500, now acting as resistance. After a strong rally, $DOGE has failed to sustain above key levels and is currently trading around $0.23040, confirming bearish pressure. The market is likely heading lower as the price gets rejected on every bullish attempt.
Trade Setup (SHORT):
Entry: $0.23087 - $0.23500
Take Profit (TP): $0.21078
Stop Loss (SL): $0.24099
Market Outlook:
The retest of broken support near $0.23500 aligns with volume spikes and bearish candles, confirming a short opportunity. Expect downward continuation unless price reclaims resistance with volume. Manage risk accordingly.
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