MY TRADE SETUP TODAY ON $DOGE : Capitalizing on the drop with a Short
Attention, soldiers! The market is showing weakness today, and $DOGE has just faced a direct rejection at the $0.08380 USDT resistance, remaining below the key moving averages on the 15M, 1H, and 4H time frames, with continuously declining lows.
When the market corrects, we don't panic: we trade in the direction of the active bearish structure by opening a Short position to profit from the drop toward lower support levels.
WHERE I SELL AND WHERE I BUY BACK:
WHERE I SELL / ENTER THE SHORT (My Sell Zone): $0.07860 – $0.07920 USDT
(We don't sell at the bottom in a panic. We wait for a retest or pullback to the 25-period moving average on the 15M chart, then hit the SELL/SHORT button.)
WHERE I EXIT AT A LOSS (My Stop Loss): $0.08050 USDT
(I set my Stop Loss with plenty of room above the 99-period moving average on the 15M chart, outside the noise from wicks, using an automated order. If buyers push hard and break above that zone, I exit, accepting my maximum 1% risk, and move on.)
WHERE I TAKE PROFIT AND BUY BACK (My Take Profits):
Step 1 (TP1 - $0.07720 USDT): As soon as the drop touches this local support on the 15M chart, I close 50% of the Short, take my profit, and secure the position at Break-Even (zero risk).
Step 2 (TP2 - $0.07610 USDT): I close another 30% when the price drops to retest the previous structural sweep low.
Step 3 (TP3 - $0.07450 USDT): I close the final 20% in the deep demand and liquidity zone on the 4-hour chart.
THE GOLDEN RULE, AS YOU ALREADY KNOW:
Discipline is what matters in the trenches. Position size is always calculated so that you risk exactly 1% of your account between the entry and the Stop Loss, including the buffer. If the price reaches the deep discount zone at $0.07607 - $0.07680, we'll watch for a possible buy, conditional solely on a bullish absorption candle and buying volume on the 15M chart.
Attention, soldiers! The market is showing weakness today, and $DOGE has just faced a direct rejection at the $0.08380 USDT resistance, remaining below the key moving averages on the 15M, 1H, and 4H time frames, with continuously declining lows.
When the market corrects, we don't panic: we trade in the direction of the active bearish structure by opening a Short position to profit from the drop toward lower support levels.
WHERE I SELL AND WHERE I BUY BACK:
WHERE I SELL / ENTER THE SHORT (My Sell Zone): $0.07860 – $0.07920 USDT
(We don't sell at the bottom in a panic. We wait for a retest or pullback to the 25-period moving average on the 15M chart, then hit the SELL/SHORT button.)
WHERE I EXIT AT A LOSS (My Stop Loss): $0.08050 USDT
(I set my Stop Loss with plenty of room above the 99-period moving average on the 15M chart, outside the noise from wicks, using an automated order. If buyers push hard and break above that zone, I exit, accepting my maximum 1% risk, and move on.)
WHERE I TAKE PROFIT AND BUY BACK (My Take Profits):
Step 1 (TP1 - $0.07720 USDT): As soon as the drop touches this local support on the 15M chart, I close 50% of the Short, take my profit, and secure the position at Break-Even (zero risk).
Step 2 (TP2 - $0.07610 USDT): I close another 30% when the price drops to retest the previous structural sweep low.
Step 3 (TP3 - $0.07450 USDT): I close the final 20% in the deep demand and liquidity zone on the 4-hour chart.
THE GOLDEN RULE, AS YOU ALREADY KNOW:
Discipline is what matters in the trenches. Position size is always calculated so that you risk exactly 1% of your account between the entry and the Stop Loss, including the buffer. If the price reaches the deep discount zone at $0.07607 - $0.07680, we'll watch for a possible buy, conditional solely on a bullish absorption candle and buying volume on the 15M chart.