📢 Follow for Daily $DOGE Trade Setups! 🔥
📊 Short-Term Analysis for $DOGE /USDT 🔥
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📉 Why a Short Trade?
1️⃣ Key Resistance Zone at $0.1715 - $0.1728 🚧
🔹 DOGE is struggling to break above $0.1715, facing repeated rejections.
🔹 This level acted as a short-term top, signaling bearish pressure building.
2️⃣ Price Rejection & Weak Momentum 📉
🔹 Rejection candles forming near $0.1710 - $0.1728 on 1h & 4h timeframes.
🔹 The trend is flattening with lower highs forming—a sign of potential reversal.
3️⃣ Decreasing Volume & Bearish Control 📊
🔹 24H Volume (USDT): $73.76M, with volume not supporting further upside.
🔹 Bears defending resistance and buyers losing strength.
4️⃣ Key Support at $0.1660 - $0.1640 🛑
🔹 If DOGE breaks below $0.1660, we could see a quick drop toward $0.1625 - $0.1600.
🔹 Watch for breakdown confirmation with volume surge and bearish structure.
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📊 Short-Term Trade Setup (15m - 1h - 4h) 📊
🔹 Short Entry: $0.1705 - $0.1715 (on weak bounce or rejection)
🎯 Targets: $0.1660, $0.1625, and $0.1600
🛑 Stop Loss: $0.1740 (Above resistance zone)
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🔸 Breakdown Confirmation:
✅ If $0.1660 breaks, expect acceleration toward $0.1625 - $0.1600.
✅ If DOGE reclaims $0.1730, exit shorts and reassess.
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⚠️ Risk Management:
🔸 Use tight SL above $0.1740.
🔸 Confirm rejection with bearish candle near resistance and declining volume.
📉 Overall Bias: Bearish (As long as $0.1728 holds as resistance)