I'M WATCHING A BIG SHORT ON $DOGE
**EP:** 0.0729–0.0734
**TP:** 0.07020
**SL:** 0.07444
Price got smashed from 0.07715 with heavy red candles straight into the 0.07020 low. The bounce that followed has been steady but lacks conviction — buyers pushed it back toward 0.073, yet every attempt higher is meeting selling pressure.
Recent candles show rejection near the top of this recovery range. The larger structure remains lower after the breakdown, and sellers are still defending the upside.
Key resistance sits at the 0.07444 area. The short stays valid while price holds below that level. A clean break and close above 0.07444 invalidates the setup and signals the bounce is extending further.
Next likely move is a retest of the 0.07020 low if this rejection holds.
Structure still favors sellers on the bounce. Watching the fail.
**EP:** 0.0729–0.0734
**TP:** 0.07020
**SL:** 0.07444
Price got smashed from 0.07715 with heavy red candles straight into the 0.07020 low. The bounce that followed has been steady but lacks conviction — buyers pushed it back toward 0.073, yet every attempt higher is meeting selling pressure.
Recent candles show rejection near the top of this recovery range. The larger structure remains lower after the breakdown, and sellers are still defending the upside.
Key resistance sits at the 0.07444 area. The short stays valid while price holds below that level. A clean break and close above 0.07444 invalidates the setup and signals the bounce is extending further.
Next likely move is a retest of the 0.07020 low if this rejection holds.
Structure still favors sellers on the bounce. Watching the fail.
