$DOGE 0.07316 After the failure of the surge, the market has been moving under pressure from the moving averages. The rebound shows a clear decrease in volume—it looks more like a downward continuation.
$DOGE - Short
Trading Plan:
Entry: 0.0700 - 0.0704
Stop Loss (SL): 0.0715
Target 1 (TP1): 0.0695
Target 2 (TP2): 0.0688
Target 3 (TP3): 0.0675
Why short?
After the spike to 0.073 peaked, every time price rebounds toward the moving average area, it gets pushed back down. The swing highs are clearly getting lower. Plus, the trading volume has been shrinking for the past few days, which indicates there isn’t any new incremental capital willing to step in and take over. As long as the 0.0715 level can’t be broken, this weak market is very likely to continue drifting along inertia toward testing the lower band. Going short now is more reliable than waiting for it to break through.
Click here to trade👇$DOGE
$DOGE - Short
Trading Plan:
Entry: 0.0700 - 0.0704
Stop Loss (SL): 0.0715
Target 1 (TP1): 0.0695
Target 2 (TP2): 0.0688
Target 3 (TP3): 0.0675
Why short?
After the spike to 0.073 peaked, every time price rebounds toward the moving average area, it gets pushed back down. The swing highs are clearly getting lower. Plus, the trading volume has been shrinking for the past few days, which indicates there isn’t any new incremental capital willing to step in and take over. As long as the 0.0715 level can’t be broken, this weak market is very likely to continue drifting along inertia toward testing the lower band. Going short now is more reliable than waiting for it to break through.
Click here to trade👇$DOGE