📉 DOGE/USDT – Short Setup (15M Chart)
Current Price: $0.2691
Entry Zone: $0.2685 – $0.2705 (just below mid-channel structure)
Targets:
🎯 Target 1: $0.2635
🎯 Target 2: $0.2580
🎯 Target 3: $0.2510 (bottom of the channel)
Stop Loss: $0.2735 (above recent high and breakdown candle)
🔍 Rationale for Short Signal:
✅ Breakdown from local resistance with rejection wicks
✅ Lower high formation suggesting loss of bullish momentum
✅ Volume decreasing on up moves, increasing on red candles
✅ Testing the mid-range of the ascending channel, which may flip resistance
📌 Watch For:
Clean breakdown candle with strong volume = confirmation
Reclaim of $0.2735 = signal invalidation