DOGE is battling a sharp downtrend as the 4‑hour chart crumbles below the recent swing low, leaving the price 8% under the 50‑day average.
🔴 $DOGE SHORT 📉
Entry $0.079241-$0.079399 | SL $0.081700 (-3.0%) | TP1 $0.078130 (+1.5%) | TP2 $0.075354 (+5.0%) | R/R 1:1.7 | Conf 64%
The break of market structure at the recent high triggered a CHoCH, while the CVD turned negative confirming selling pressure. An order block sits right under the break and overlaps a fair‑value gap, creating a POI confluence that backs the short bias.
A 3.0% stop loss is relatively tight on this volatility, so keep leverage at or below 5x.
Consider taking half of the position off at the first target to lock in early gains.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$DOGE #DOGEUSDT #CPIWatch #TradingSignals #Write2Earn
🔴 $DOGE SHORT 📉
Entry $0.079241-$0.079399 | SL $0.081700 (-3.0%) | TP1 $0.078130 (+1.5%) | TP2 $0.075354 (+5.0%) | R/R 1:1.7 | Conf 64%
The break of market structure at the recent high triggered a CHoCH, while the CVD turned negative confirming selling pressure. An order block sits right under the break and overlaps a fair‑value gap, creating a POI confluence that backs the short bias.
A 3.0% stop loss is relatively tight on this volatility, so keep leverage at or below 5x.
Consider taking half of the position off at the first target to lock in early gains.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$DOGE #DOGEUSDT #CPIWatch #TradingSignals #Write2Earn