#DOGEUSDT : Bearish Continuation Likely - Short Setup Alert! 🚨
Current Price: $0.18834 (-1.54%)
Trend: Strong Bearish (MACD negative, RSI oversold but downtrend intact).
Key Resistance: 0.19200–0.19262 (Middle
Bollinger Band).
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Trade Strategy
1. Entry (Short):0.19200
- Why? Retest of resistance (middle Bollinger Band) + MACD/RSI rejection likely.
2. Targets:
- TP1: 0.18641 (Lower Bollinger Band)
- TP2: 0.18500 (Psychological support)
3. Stop Loss: 0.19360 (above 24h high).
4. Position Size: 2–3% risk per trade.
Why Bearish?
- 📉 MACD Negative: DIF/DEA below zero, bearish momentum.
- 📊 Volume/OBV: High selling volume (-3.14B OBV) confirms bearish pressure.
- 🎯 Sentiment: 66% long positions → contrarian bear signal (crowded longs = squeeze risk).
- ⚠️ Oversold Bounce? Williams %R (-88.6) hints at a dead-cat bounce to 0.19200 before resuming downtrend.
Surety Rate: 80% (Strong resistance + bearish confluence).
#DOGE #ShortSqueeze #CryptoAlert #Bearish
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Disclaimer: Monitor price action at resistance and adjust SL. Trade safe! 🔒