$DOGE /USDT - Opportunity to Enter a Short Sell Trade 🔥💯
The $DOGE has formed a consistent structure between the low and high, breaking the last support level on the 15-minute chart. The rejection from the 0.1625-0.1630 area confirms the continuation of the downtrend, with increasing bearish momentum.
Entry Price: 0.16100
Target 1: 0.15900
Target 2: 0.15750
Target 3: 0.15600
Stop Loss: 0.16295
Risk Management:
Use 3-5% of capital for this position. Once the first target is achieved, move the stop loss to break-even, and manage additional downside risk accordingly.
Professional Tip: If trading volume increases on red candles and the price remains below 0.1620, this reinforces the strength of this breakdown pattern. Avoid buying unless a clear reversal pattern emerges.$DOGE