The ONDO setup shared earlier has played out, and profits from this round are already locked in. The real signal emerges beneath the surface—this move below support at $DOGE is no noise. Support from the four-hour trendline has been lost, and rebound volume has weakened each time, suggesting buyers are losing the will to step in.
Structurally, the highs keep moving lower. After repeated tests of a key level, price has now moved down. I’m inclined to follow the trend and look for a pullback. Until the resistance zone above is reclaimed, any bounce is a correction, not a reversal. There’s now room to move lower, and the momentum is bearish, so that’s the logic behind my positioning.
🔴 Trade direction: Short
📍 Entry range: 0.08002 – 0.07802
🛑 Stop-loss: 0.08503
🎯 Take profit 1: 0.07402
🎯 Take profit 2: 0.07002
🎯 Take profit 3: 0.06502
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#DOGE
Click below to trade 👇
Structurally, the highs keep moving lower. After repeated tests of a key level, price has now moved down. I’m inclined to follow the trend and look for a pullback. Until the resistance zone above is reclaimed, any bounce is a correction, not a reversal. There’s now room to move lower, and the momentum is bearish, so that’s the logic behind my positioning.
🔴 Trade direction: Short
📍 Entry range: 0.08002 – 0.07802
🛑 Stop-loss: 0.08503
🎯 Take profit 1: 0.07402
🎯 Take profit 2: 0.07002
🎯 Take profit 3: 0.06502
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#DOGE
Click below to trade 👇