$DOGE Upcoming Downtrend — Rejection at the Resistance Area 🔻
It was pushed back from a major resistance area near 0.16590 — a typical sign of a downward rejection.
The price failed to break the resistance and is now sliding below the main structural support.
A decline towards the demand area at 0.16170 is likely unless the bulls come in strong.
🔴 Short Trade Setup
• Entry Area: 0.16450 – 0.16560
• Take Profit 1: 0.16300
• Take Profit 2: 0.16170
• Stop Loss: 0.16620
📉 Price action shows clear signs of exhaustion after testing the upper range of resistance.
Buy and trade here on $DOGE
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