🚨 $DOGE /USDT – Rejected at $0.1635, Short-Term Pullback Active 🚨
DOGE rallied to a local high of $0.16358 but faced clear resistance and is now trading at $0.15716, still holding a +2.30% gain over 24H. The 15-minute chart shows a rounded top pattern followed by heavy sell candles — hinting at short-term weakness.
24H Overview:
High: $0.16358
Low: $0.15345
Volume: 904.57M DOGE / $144.49M USDT
Chart Analysis:
DOGE formed a double-top zone just below $0.164, followed by strong selling pressure. The breakdown below $0.1595 confirmed bearish momentum, with support now around $0.154 holding temporarily.
Trade Setup – SHORT BIAS ACTIVE:
Entry Zone: $0.15750 – $0.15880
Target 1: $0.15480
Target 2: $0.15200
Final Target: $0.14900
Stop Loss: $0.16080
Why This Setup?
Loss of higher support zones and clean rejection from resistance suggests DOGE may seek lower support before any next leg up. Short-term traders can capitalize on the pullback.
Risk Strategy:
Set tight SLs and monitor any recovery to $0.159+. Quick scalps work best in this volatility zone.