$DOGE
USDT BEARISH BREAKDOWN – THE FALL HAS JUST BEGUN!
Dogecoin is showing weakness after rejecting its strong resistance zone. The market is forming a bearish setup, hinting at a potential downside move soon.
🔑 Key Levels:
Resistance: $0.1640 – recent rejection zone
Support: $0.1460 – potential target zone
Current Price: $0.1593
📉 Trade Setup (Short):
Entry Zone: $0.1590 – $0.1600
Take Profit (TP): $0.1460
Stop Loss (SL): $0.1640
📊 Short Market Outlook:
DOGE is forming lower highs and failing to reclaim resistance at $0.1640. Momentum remains bearish below this level, indicating that sellers are in control targeting the mid $0.14 zone.
⚠️ Risk Management:
Always risk only 1-2% of your capital per trade and adjust position size according to stop-loss distance to protect your equity.
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buy and trade here on $DOGE