$DOGE ๐ฏ๐ฅ
a quick technical analysis and trade signal assuming a bearish breakdown scenario for $DOGE
/USDT:
$DOGE /USDT Bearish Breakdown Technical Analysis & Trade Signal
Current Price: 0.19093 USDT
Trend: Bearish momentum confirmed with a breakdown below key support.
Technical Outlook:
Price breaking below the crucial support level at 0.1896 USDT signals further downside.
Increased selling volume likely to push price lower.
Momentum indicators are bearish, favoring short positions.
Trade Signal:
Sell Entry: On breakdown below 0.1895 USDT with strong volume confirmation
Stop Loss: 0.1925 USDT (just above recent support turned resistance)
Target ๐ฏ Levels:
Target 1: 0.1850 USDT (first minor support)
Target 2: 0.1800 USDT (psychological level and next support zone)
Target 3: 0.1750 USDT (lower support level)
Trade Momentum:
Bearish momentum expected to accelerate if volume picks up on the breakdown, suggesting strong selling pressure ahead.