$DOGE
DOGEUSDT
Trade Direction
SHORT 🔴
Timeframe
15-minute (15m)
Entry Point
0.08018 – 0.08030
Stop Loss (SL)
0.08116
Target 1 (TP1)
0.07981
Target 2 (TP2)
0.07899
Target 3 (TP3)
0.07774
Leverage
15x
Margin
3%
Risk Management
Maximum loss if the Stop Loss is hit: 1% of total capital or less. Position size should be adjusted based on the distance between the entry point and the Stop Loss.
Entry Analysis
1. Following a decline from the 0.0835 range, the price has established a bearish structure and is currently pulling back toward the broken resistance level.
2. The 0.08030–0.08065 range acts as a supply zone; the price has repeatedly failed to break through it decisively.
3. The RSI is at 53.07, which is below its average of 54.89, indicating that recent bullish momentum has weakened.
4. A reversal from this resistance level could reinforce the continuation of the downward trend; conversely, a valid breakout above this resistance would invalidate the SHORT scenario.
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#BinanceSquare
DOGEUSDT
Trade Direction
SHORT 🔴
Timeframe
15-minute (15m)
Entry Point
0.08018 – 0.08030
Stop Loss (SL)
0.08116
Target 1 (TP1)
0.07981
Target 2 (TP2)
0.07899
Target 3 (TP3)
0.07774
Leverage
15x
Margin
3%
Risk Management
Maximum loss if the Stop Loss is hit: 1% of total capital or less. Position size should be adjusted based on the distance between the entry point and the Stop Loss.
Entry Analysis
1. Following a decline from the 0.0835 range, the price has established a bearish structure and is currently pulling back toward the broken resistance level.
2. The 0.08030–0.08065 range acts as a supply zone; the price has repeatedly failed to break through it decisively.
3. The RSI is at 53.07, which is below its average of 54.89, indicating that recent bullish momentum has weakened.
4. A reversal from this resistance level could reinforce the continuation of the downward trend; conversely, a valid breakout above this resistance would invalidate the SHORT scenario.
#Write2Earn
#BinanceSquare