$DOGE
USDT BEARISH SETUP – A DEAD CAT BOUNCE BEFORE ANOTHER DROP?
Dogecoin is currently trading at $0.16323, showing a weak recovery from its recent support test. The price is expected to retest the resistance zone before continuing its bearish move.
🔑 Key Levels:
Resistance: $0.16617 – $0.16767
Support: $0.15256 – $0.15262
Current Price: $0.16323
📉 Trade Setup (Short):
Entry Zone: $0.16550 – $0.16617 (on rejection confirmation)
Take Profit: $0.15260
Stop Loss: $0.16767
📊 Market Outlook: DOGE is in a clear downtrend with lower highs and lower lows. The current bounce looks corrective rather than impulsive, suggesting sellers are likely to reclaim control around the resistance area. A rejection there can lead to continuation towards the $0.15260 support.
⚠️ Risk Management: Always use strict SL to protect capital. Risk only 1-2% per trade and avoid overleveraging in such breakdown continuation setups.
buy and trade here on $DOGE