$DOGE BEARISH ANALYSIS – STRUGGLING BELOW RESISTANCE! 🐶📉
Dogecoin is currently trading at $0.17649, showing signs of exhaustion after a weak bounce. Despite a short-term gain of +1.29%, DOGE remains in a bearish structure under key resistance zones.
🔍 KEY LEVELS:
Current Price: $0.17649
Immediate Resistance: $0.18000
Major Resistance Zone: $0.19000–$0.20000
Immediate Support: $0.17360 (24h Low)
Key Support Zone: $0.17000
Price continues to get rejected below $0.18000, forming lower highs on the chart. Selling pressure is visible as volume fails to sustain upward momentum. DOGE needs to reclaim $0.185+ to turn short-term bullish.
📊 TRADE SETUP – SHORT POSITION:
Entry: Near $0.178–$0.180 (on rejection from resistance)
Take Profits:
TP1: $0.173
TP2: $0.170
TP3: $0.165
Stop Loss: Above $0.183 (invalidates bearish bias)
🔻 A clean break below $0.17360 could accelerate the drop toward $0.165.
⚠️ RISK MANAGEMENT TIP:
Use a tight stop loss above the resistance wick and manage risk by risking only 1–2% of your capital. Avoid chasing late entries – let the price confirm rejection before entering.
📉 DOGE looks heavy under resistance with bears keeping control. Watch for a failed rally at $0.180 to ride the move down! 🛑
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