$DOGE Tests Resistance After the Bounce Fade the Reclaim
Pair: $DOGE /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 0.09270 – 0.09300
Take Profit:
- TP1: 0.09151 +6%
- TP2: 0.09059 +12%
- TP3: 0.08922 +21%
Stop Loss: 0.09471
Chart Structure:
- DOGE spiked sharply, then sold off hard with an outsized red candle, dropping well below MA7 and MA25 before stabilizing and bouncing back to test the moving-average cluster near current price
- Current price sits right at the entry zone, essentially retesting the underside of the broken structure a level sellers have previously defended during this decline
- ⚠️ Mixed signal: RSI 14 has recovered from the low-30s into the mid-40s, and MACD just crossed slightly positive after a deeply negative stretch both indicators are improving, working against this short
- Given the improving short-term momentum, this is a contrarian fade rather than a high-conviction trend continuation the bounce could extend further before any rejection
- Stop is placed above the recent local high near the risk-area boundary, which would need to be reclaimed to invalidate the short
$DOGE
Pair: $DOGE /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 0.09270 – 0.09300
Take Profit:
- TP1: 0.09151 +6%
- TP2: 0.09059 +12%
- TP3: 0.08922 +21%
Stop Loss: 0.09471
Chart Structure:
- DOGE spiked sharply, then sold off hard with an outsized red candle, dropping well below MA7 and MA25 before stabilizing and bouncing back to test the moving-average cluster near current price
- Current price sits right at the entry zone, essentially retesting the underside of the broken structure a level sellers have previously defended during this decline
- ⚠️ Mixed signal: RSI 14 has recovered from the low-30s into the mid-40s, and MACD just crossed slightly positive after a deeply negative stretch both indicators are improving, working against this short
- Given the improving short-term momentum, this is a contrarian fade rather than a high-conviction trend continuation the bounce could extend further before any rejection
- Stop is placed above the recent local high near the risk-area boundary, which would need to be reclaimed to invalidate the short
$DOGE
