$DOGE Short Entry Setup

Short Entry:

Around 0.1675 - 0.1685 (if price retests resistance near 25 EMA and gets rejected again)

Stop Loss:

Above recent resistance: 0.1705

Take Profit Targets:

1. TP1: 0.1650 (near recent low)

2. TP2: 0.1638 (24h low)

3. TP3: 0.1615 (previous support)

šŸ”¼$DOGE Long Entry Setup

Signal:

Price bounced from 0.1638 support zone.

But currently struggling to gain bullish momentum ā€” this is riskier unless a clear breakout occurs.

Watch for price to break above 0.1690 (25 EMA) and hold.

Long Entry (only if breakout happens):

Above 0.1695, with confirmation candle closing above

Stop Loss:

Below recent swing low: 0.1658

Take Profit Targets:

1. TP1: 0.1715 (short-term resistance)

2. TP2: 0.1740 (99 EMA)

3. TP3: 0.1754 (previous high)

āœ… Which is Preferable?

Short setup is currently more favorable, given:

Downward trend

Weak MACD and bearish price structure

Only consider the long setup if price breaks and holds above 0.1695 with strong volume.