$DOGE /USDT Showing Bearish Momentum! Potential Short Setup šŸ“‰

Entry Zone (For Bearish Setup):

šŸ”“ $0.1592 - $0.1598 šŸ”“ (Look for short entry opportunities near this resistance zone as price struggles to move higher.)

Profit Targets:

Target 1: šŸ‘‡ $0.1585 (Expect initial support around this recent low.)

Target 2: šŸŽÆ $0.1575 (Breaking below $0.1585 could lead to further downside, testing the 24-hour low.)

Target 3: šŸŽÆ $0.1570 or lower (A continuation of bearish momentum could bring the price down further towards the 24-hour low or below.)

Stop Loss:

šŸ”„ Above $0.1605 šŸ”„ (Place stop loss just above recent swing high to manage risk in case of a bullish reversal.)

Why Bearish?

Recent Downtrend: The chart shows consistent lower highs and lower lows, signaling continued bearish pressure.

Resistance Zone: The $0.1600 area is acting as a short-term resistance level, making this a prime spot for potential short entries.

Volume Confirmation: Watch for increasing selling volume to support the bearish bias.

TRADE HERE šŸ‘‰šŸ» $DOGE

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