$DOGE /USDT BEARISH DOWNTREND IN PLAY — SUPPORTS ARE CRACKING!
#Dogecoin is currently trading around $0.2325, showing a clear rejection below the $0.2416 resistance zone. After failing to break through the upper supply levels near $0.2450–$0.2500, the price has entered a declining pattern. Immediate support now rests at $0.2300, with further downside potential toward $0.2250 and $0.2200 if pressure continues.
SHORT Trade Setup:
Entry: $0.2320 – $0.2350
Take-Profit: $0.2250 / $0.2200 / $0.2150
Stop-Loss: $0.2400
Market Outlook:
Bearish pressure is building as volume increases on red candles. Bulls are retreating, and momentum favors the bears. Break of $0.2300 could trigger deeper correction.
Risk Management:
Use tight SL and reduce position size in volatile conditions to manage downside effectively.
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