$DOGE Pulls Back From Local High Short Setup, Momentum Still Intact
Pair: $DOGE /USDT
Direction: SHORT
Entry Zone: 0.08649
Take Profit:
- TP1: 0.08558 +1.1%
- TP2: 0.08497 +1.8%
- TP3: 0.08406 +2.8%
Stop Loss: 0.08771
Chart Structure:
- DOGE had been basing in a tight range for over a day, then pushed up sharply through MA7/MA25 to a local high near 0.0885, and has since pulled back with a couple of red candles to entry, right at the MA7/MA25 cluster
- MA99 (purple) remains well above, still declining from much higher not a near-term factor either way
- RSI(14) spiked to the mid-60s on the push and has pulled back to the low-50s a normal cooldown, not an overbought extreme rolling over
- ⚠️ MACD is still positive with the histogram only just beginning to flatten momentum hasn't confirmed a reversal, it's decelerating from a modest push rather than breaking down
- This reads as a shallow pullback within a basing pattern rather than a confirmed rejection the move up wasn't extreme enough (RSI never hit overbought territory) to make a strong case for a momentum-driven reversal
$DOGE
Pair: $DOGE /USDT
Direction: SHORT
Entry Zone: 0.08649
Take Profit:
- TP1: 0.08558 +1.1%
- TP2: 0.08497 +1.8%
- TP3: 0.08406 +2.8%
Stop Loss: 0.08771
Chart Structure:
- DOGE had been basing in a tight range for over a day, then pushed up sharply through MA7/MA25 to a local high near 0.0885, and has since pulled back with a couple of red candles to entry, right at the MA7/MA25 cluster
- MA99 (purple) remains well above, still declining from much higher not a near-term factor either way
- RSI(14) spiked to the mid-60s on the push and has pulled back to the low-50s a normal cooldown, not an overbought extreme rolling over
- ⚠️ MACD is still positive with the histogram only just beginning to flatten momentum hasn't confirmed a reversal, it's decelerating from a modest push rather than breaking down
- This reads as a shallow pullback within a basing pattern rather than a confirmed rejection the move up wasn't extreme enough (RSI never hit overbought territory) to make a strong case for a momentum-driven reversal
$DOGE