๐ถ $DOGE
/TRY BEARISH SETUP โ MOMENTUM STALLS AT LOCAL RESISTANCE
$DOGE/TRY is trading at 6.514 TRY ($0.1634, +0.56%) after hitting a local high of 6.576. Price action is starting to flatten under resistance, and thereโs no strong bullish breakout, suggesting that sellers may soon step in. If 6.437 breaks, a pullback becomes increasingly likely.
๐ Key Levels
Resistance: 6.593 โ 6.688
Support: 6.437 (immediate), then 6.404
Current Price: 6.514 TRY
๐ Trade Setup (Short):
Entry Zone: 6.500 โ 6.580
Take Profit 1: 6.437
Take Profit 2: 6.404
Stop Loss: 6.700
๐ก Short Market Outlook:
DOGE has shown muted momentum despite a slight rise. Volume is not surging, and MA(5) > MA(10) indicates short-term overheating. If price falls below 6.437, it confirms a lower high, signaling seller control.
โ ๏ธ Risk Management:
Risk max 2โ3% of your total capital
Place stop-loss above 6.700
Confirm breakdown with bearish volume spike under 6.437 before entering
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