$DOGE /USDT short trade signal 🚦 🛑
l BEARISH BREAKDOWN IN PLAY — RETEST FAILED, SELL PRESSURE BUILDING!
$DOGE/USDT has broken down from its previous range and is now retesting a key horizontal level around $0.230, which previously acted as support. That support has now turned into resistance, and the price is showing rejection signs, indicating a potential continuation to the downside.
Trade Setup:
Short Entry: $0.230 - $0.231
Take Profit (TP): $0.215
Stop Loss (SL): $0.238
Market Outlook:
The market structure has shifted bearish with lower highs forming. Volume spikes on red candles signal increased selling pressure. If $0.230 continues to hold as resistance, the downtrend may accelerate toward the next support near $0.215.
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