$DOGE USDT BEARISH MOVE LOADING – SHORT BEFORE THE NEXT DROP 🐻
Dogecoin is currently trading at $0.16096, showing strong bearish momentum after breaking below the key support at $0.16300, which has now turned into resistance. The chart indicates a clear descending channel with consecutive lower highs and lower lows.
🔑 Key Levels:
Resistance: $0.16230 – $0.16250 zone
Support: $0.15800 – $0.15790 zone
Current Price: $0.16096
📉 Trade Setup (Short):
Entry: $0.16140 – $0.16220 (retest of resistance zone)
Take Profit (TP): $0.15800
Stop Loss (SL): $0.16280
📊 Market Outlook:
The overall trend remains bearish with consistent sell pressure. Any short-term pullback into the highlighted resistance zone is expected to be rejected, continuing the downward move towards $0.15800 support.
⚠️ Risk Management:
Use strict position sizing with 1-2% risk per trade. Wait for rejection confirmation at resistance before entering to avoid premature entries.
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buy and trade here on $DOGE