$DOGE / USDT Weekly Technical Outlook š
Dogecoin has experienced a swift pump straight into our highlighted major supply zone around $0.105.
Looking at the structural behavior on the weekly time-frame, I am expecting price to respect this key resistance area ($0.105 ā $0.120) and follow the blue path, leading to a choppy consolidation and a secondary drop.
š Trade Setup (Short Bias):
ā¢ Primary Entry Zone: Around $0.105
ā¢ DCA / Scale-in Zone: Up to $0.110
ā¢ Stop Loss: Daily candle close above $0.120
ā¢ Downside Targets: $0.087 first, followed by $0.081
ā ļø Bullish Invalidation & Expansion Scenario:
Should buyers manage a clean breakout and hold above the $0.120 major supply level, the bearish thesis invalidates entirely, opening the path for a powerful macro expansion toward $0.250.
Manage your risk accordingly and stick to the plan.
#DOGE #DOGECOIN #CryptoAnalysis #TechnicalAnalysis #SmartMoney
Dogecoin has experienced a swift pump straight into our highlighted major supply zone around $0.105.
Looking at the structural behavior on the weekly time-frame, I am expecting price to respect this key resistance area ($0.105 ā $0.120) and follow the blue path, leading to a choppy consolidation and a secondary drop.
š Trade Setup (Short Bias):
ā¢ Primary Entry Zone: Around $0.105
ā¢ DCA / Scale-in Zone: Up to $0.110
ā¢ Stop Loss: Daily candle close above $0.120
ā¢ Downside Targets: $0.087 first, followed by $0.081
ā ļø Bullish Invalidation & Expansion Scenario:
Should buyers manage a clean breakout and hold above the $0.120 major supply level, the bearish thesis invalidates entirely, opening the path for a powerful macro expansion toward $0.250.
Manage your risk accordingly and stick to the plan.
#DOGE #DOGECOIN #CryptoAnalysis #TechnicalAnalysis #SmartMoney
