๐ถ $DOGE /USDT โ BEARISH PRESSURE BUILDING! SHORT SETUP ALERT โ ๏ธ๐
๐น Current Price: $0.16395 (+0.40%)
๐น Exchange: Binance
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๐ KEY LEVELS TO WATCH
๐ Resistance:
โ $0.16550: Immediate resistance & local high
โ $0.16800: Strong supply zone
๐ Support:
โ $0.16250: Minor intraday support
โ $0.16000: Key psychological & technical level
โ $0.15500: Strong demand zone
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๐ TECHNICAL OVERVIEW
Despite minor gains, $DOGE is struggling to hold above $0.16500, forming lower highs with declining momentum.
High 24H volume (271M DOGE) but minimal price movement = buying exhaustion.
๐ป Current structure hints at a possible rejection near $0.16550, setting up for a short-term pullback.
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๐ผ TRADE SETUP โ SHORT POSITION
๐ป Entry: $0.16460 (on confirmation of resistance rejection)
๐ก๏ธ Stop Loss (SL): $0.16600 (above resistance wick)
๐ฏ Targets:
โ TP1: $0.16250
โ TP2: $0.16000
โ TP3: $0.15500
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๐ก๏ธ RISK MANAGEMENT
โ๏ธ Never risk more than 1-2% of your portfolio
โ๏ธ Wait for confirmation before entry โ donโt chase the move
โ๏ธ Stick to your plan โ SL is your best friend in volatile markets
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๐ Trade wisely, stay disciplined & let the trend guide you! โ๏ธ๐
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