$DOGE /USDT – Short position activated in the rejection zone 🧨📉

Position Size: $7,433.40

Entry Price: $0.19299

Dogecoin faced significant resistance clustering near the $0.19500 area, leading to a potential downward reversal.

The asset showed clear signs of exhaustion at the top, with declining bullish momentum and increasing upper supply.

🔽 Trading Hypothesis – Overview of the short setup:

• Entry Executed: $0.19299

• Profit Targets:

• 🎯 TP1: $0.1840 – Initial liquidity pocket

• 🎯 TP2: $0.1780 – Re-test of the demand area

• 🎯 TP3: $0.1700 – Macro-level support

• Stop Loss: $0.1975 – Above the daily high

📊 Technical Compatibility:

Price Structure: Formation of multiple lower highs on 1-hour and 4-hour intervals, indicating distribution.

Volume Profile: Declining buy volume amid resistance pressure, indicating a potential fading of bullish control.

Momentum Indicators: RSI divergence + Weak MACD chart—both align with a bearish trend.

Strategic Note:

This center benefits from the concept of rebalancing and resistance-based pullbacks.

If $DOGE fails to reclaim the $0.1950 area with large volume and continuation, sellers are likely to regain control, leading to a cascade towards lower support areas.

✅ Summary:

The downward trend has been confirmed at resistance.

A risk-managed short position with a tight stop loss and staggered profit targets.

Watch for confirmation of a breakdown with large volume.

$DOGE

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