Trading Plan Short $DOGE
$DOGE printed a clear distribution wick above 0.09217, rejecting the 1h EMA21.
Entry: $0.08945-$0.09145
Stoploss: $0.09380
Targets: $0.08800 / $0.08550 / $0.08200
DOGE is compressing in a range, but the recent rejection from 0.09217 resistance signals weakness. Taker sell volume is aggressive, pushing price into the lower Bollinger Band. With retail very long and top traders even longer, a flush below 0.08954 support could trigger a cascade. The contracting basis and rising OI suggest distribution into strength. Reclaim 0.09380, short voided.
Trade $DOGE here 👇
$DOGE printed a clear distribution wick above 0.09217, rejecting the 1h EMA21.
Entry: $0.08945-$0.09145
Stoploss: $0.09380
Targets: $0.08800 / $0.08550 / $0.08200
DOGE is compressing in a range, but the recent rejection from 0.09217 resistance signals weakness. Taker sell volume is aggressive, pushing price into the lower Bollinger Band. With retail very long and top traders even longer, a flush below 0.08954 support could trigger a cascade. The contracting basis and rising OI suggest distribution into strength. Reclaim 0.09380, short voided.
Trade $DOGE here 👇
