Dogecoin is showing weakness across multiple timeframes. Is another downside move coming? $DOGE
📊 TRADE SETUP
🔴 Pair: DOGE/USDT
📉 Direction: SHORT
⏳ Timeframe: 1H / 4H
Entry Zone: $0.0722 – $0.0726
Stop Loss: $0.0737
🎯 TP1: $0.0705
🎯 TP2: $0.0681
🎯 TP3: $0.0658
WHY SHORT $DOGE ?
• 4H and daily trends are bearish.
• Price is below major moving averages.
• RSI shows weak momentum.
• Resistance is forming around $0.0725.
ENTRY CONFIRMATION:
Wait for price to revisit the entry zone and show bearish rejection on the 15-minute chart.
⚠️ Current price is below the entry zone. Do not chase the trade at market price.
Cancel the setup if price breaks above $0.0737.
Risk no more than 1% of your trading balance. Use sensible leverage.
🔥 QUESTION: Can DOGE break below $0.0705 next? $DOGE
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