$DOGE /USDT BEARISH BOUNCE FAILING! DOGE LOSING GRIP AS SELLERS PRESS LOWER
Current Price: $0.17631 (-0.68%)
Timeframe Observed: 15m | Short-Term Pressure
MARKET OUTLOOK:
$DOGE is struggling to sustain above the $0.17800 resistance, showing signs of weakness after a shallow bounce. With the past 30 days down by -21.87% and 7-day trend still negative, the bearish trend remains intact. Bulls are showing fatigue as volume fails to support any strong recovery.
KEY LEVELS:
Immediate Resistance: $0.17850
Major Resistance Zone: $0.18000 - $0.18200
Immediate Support: $0.17400
Breakdown Support: $0.17100
TRADE SETUP (SHORT):
Entry: $0.17650 - $0.17700 (on minor retest/rejection)
Take Profit 1: $0.17400
Take Profit 2: $0.17150
Take Profit 3: $0.16800
Stop Loss: $0.18050
Reasoning: Dogecoin’s weak bounce and repeated rejection near $0.17800 suggest sellers are still in control. With large volume but little price gain, the risk favors downside. A rejection setup at resistance gives a good risk-reward for short trades.
RISK MANAGEMENT:
Only risk 1-2% of your capital. Stick to SL, don’t widen it during volatility. Scale out profits at each TP to protect gains.
