$DOGE /USDT BEARISH BREAKDOWN – WATCH THESE LEVELS CLOSELY
DOGE is currently trading at $0.23038 and showing bearish momentum after a sharp -6.82% drop over the last 24 hours. The downtrend is backed by high volume and a rejection near the 24h high of $0.24891.
Key Levels:
Resistance: $0.23500 / $0.24891
Support: $0.22900 / $0.22300 (next major level)
MA60: $0.22961 – price hovering just above it; if broken, downside pressure will increase.
Trade Setup – SHORT POSITION
Entry: $0.22950
Targets:
TP1: $0.22500
TP2: $0.22300
TP3: $0.21800 (extended target)
Stop Loss: $0.23550 (above recent resistance)
Indicators Flashing Red:
MACD: Bearish crossover
Volume: Strong selling pressure
Bollinger Bands: Price riding lower band
Risk Management:
Risk only 1–2% of your capital
Adjust position size according to SL
Stick to plan – No revenge trading!
Trade smart, stay sharp!
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