🚨 #DOGEUSDT : Bearish Pressure Mounting - Short

Opportunity? (Confidence: 75%)

📉 Bearish Case Breakdown

1. Price Action & Indicators:

- Trading BELOW Middle Bollinger Band (0.19061) → Downtrend confirmed.

- RSI(6) at 38.7 (Neutral-Bearish) + MACD histogram negative (-0.00012).

- Stochastic RSI (23.6) and Williams %R (-70.9) show approaching oversold but not yet reversal-ready.

- OBV (-584M) signals heavy selling volume dominance.

2. Market Sentiment:

- 73.8% of accounts are LONG, but price is falling → "Long squeeze" risk.

- Negative funding rate (Basis: -0.09%) → Bears pay shorts to hold positions.

3. Key Levels:

- Resistance: 0.19061 (Middle Bollinger) / 0.19290 (Upper Bollinger).

- Support: 0.18833 (Lower Bollinger) / 0.18733 (24h Low).

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### 🎯 Trade Setup: Short Entry

- Entry Zone: 0.1890 - 0.1895 (Current price consolidation).

- Stop Loss: 0.1911 (Above Middle Bollinger + recent swing high).

- Take Profit Targets:

- TP1: 0.1883 (Lower Bollinger) → 50% profit.

- TP2: 0.1873 (24h Low) → 30% profit.

- TP3: 0.1850 (Psychological support) → 20% profit.

- Leverage: ≤10x (High volatility).

### 🚩 Why This Works

- Breakdown below 0.18833 confirms bearish acceleration.

- Low volume rallies (vs MA averages) suggest weak buying interest.

- OI increase during dips → New shorts entering.

### ⚠️ Exit If

- Daily close ABOVE 0.19290 (Upper Bollinger) → invalidates bearish structure.

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Confidence: 75/100 – Strong bearish momentum but monitor BTC correlation. DOGE’s meme status amplifies volatility!

Manage risk with 1-2% portfolio exposure per trade.

🔥 Share if you agree! #DOGE #Bearish #ShortSqueeze #CryptoAlerts