$DOGE USDT short tread signal ๐
BEARISH REJECTION FROM SUPPLY โ DOWNSIDE MOVE UNFOLDING ๐ป
After a strong rally into resistance, $DOGEUSDT is now showing signs of exhaustion below the 0.170 zone โ a major supply block where sellers have stepped in again. Price has rejected the upper resistance band and is forming a bearish setup with potential downside continuation in the short term.
๐นTRADE SETUP (SHORT):
Entry Zone: 0.16450 โ 0.16550
Take Profits:
โข TP1: 0.16000
โข TP2: 0.15700
โข TP3: 0.15598
Stop Loss: 0.17055
Risk Allocation: 2โ3% of wallet
Leverage: 10x
๐ MARKET OUTLOOK:
Momentum is fading near resistance. Price is trapped under a key zone with repeated rejections and loss of bullish follow-through. Bearish engulfing signs on the 1H chart further support a potential breakdown toward previous demand levels around 0.156. A close below 0.164 would likely accelerate selling pressure.
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buy and trade here on $DOGE