$DOGE /USDT – Short Trade Setup
Dogecoin is currently trading at $0.2203, facing rejection from the $0.2230–$0.2240 resistance zone after failing to break higher. On the 15-minute chart, price is showing bearish momentum with consecutive red candles forming at resistance. This suggests potential downside continuation if DOGE remains below the rejection area.
Trade Setup
Entry: $0.2200 – $0.2210
Target 1: $0.2175
Target 2: $0.2150
Target 3: $0.2132
Stop-Loss: $0.2235
Risk Management
Allocate 3–5% of portfolio to this trade. Shift stop-loss to entry once Target 1 is achieved to protect capital.
Pro Tip
Watch for volume confirmation — if sell volume increases around $0.2200, the probability of further downside grows. However, if DOGE reclaims $0.2240 with strength, this setup becomes invalid.