🚀 $DOGE
SHORT SETUP 🚀
DOGE bounced off the sharp drop to $0.08102 and is now drifting sideways under its falling 99 MA on very thin volume. I’m watching for a short on a push into the resistance zone above, not chasing the current candle. 📉
Entry: $0.08700 – $0.08780
TP1: $0.08600
TP2: $0.08480
TP3: $0.08320
SL: $0.08880
🔻 Why DOGE is on watch:
Price ($0.08607) is sitting right on the 7 MA ($0.08603) and just above the 25 MA ($0.08583), but is still below the 99 MA ($0.08727), which is sloping down and has capped every bounce since the drop from $0.09799 The structure shows lower highs since the $0.09799 peak, so the recovery looks corrective inside a downtrend Volume on the bounce has dried up to almost nothing, a sign of weak buying that often fades The 25 MA ($0.08583) is the first support, with the $0.0845 area below it. A 1H close under $0.08520 would confirm sellers are taking over.
Not financial advice. DYOR.
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SHORT SETUP 🚀
DOGE bounced off the sharp drop to $0.08102 and is now drifting sideways under its falling 99 MA on very thin volume. I’m watching for a short on a push into the resistance zone above, not chasing the current candle. 📉
Entry: $0.08700 – $0.08780
TP1: $0.08600
TP2: $0.08480
TP3: $0.08320
SL: $0.08880
🔻 Why DOGE is on watch:
Price ($0.08607) is sitting right on the 7 MA ($0.08603) and just above the 25 MA ($0.08583), but is still below the 99 MA ($0.08727), which is sloping down and has capped every bounce since the drop from $0.09799 The structure shows lower highs since the $0.09799 peak, so the recovery looks corrective inside a downtrend Volume on the bounce has dried up to almost nothing, a sign of weak buying that often fades The 25 MA ($0.08583) is the first support, with the $0.0845 area below it. A 1H close under $0.08520 would confirm sellers are taking over.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!