forget #CryptoRegulation but instead SHORT DOGE now
Quick Signal for DOGE
Based on the 5-minute candlestick chart of DOGE/USDT from via TradingView, here’s a quick short-term trade analysis for an intraday scalp/swing (less than a day):
📉 Market Structure Observations:
Trend: The price is currently in a short-term downtrend, making lower highs and lower lows.
Support: There seems to be a recent bounce near 0.21600 USDT, which may act as short-term support.
Resistance: A key intraday resistance level is visible around 0.23000 – 0.23200 USDT.
Volume: Volume info is not visible, but price action suggests selling pressure dominates.
🔍 Strategy Recommendation: Short Trade (Sell)
🔹 Entry Point:
Around 0.2210 – 0.2220 USDT (wait for a minor bullish retracement to enter short)
🔹 Take Profit (TP):
First target: 0.2165 USDT
Extended target: 0.2150 USDT
🔹 Stop Loss (SL):
0.2245 USDT (above the minor local high/resistance zone)
📊 Risk-to-Reward:
Risk: ~0.0035 (1.5%)
Reward (TP1): ~0.0050 (2.25%)
RR Ratio: ~1.4 : 1 (acceptable for intraday)
Enjoy
