$DOGS - Overhead resistance rejection points to distribution.
Short $DOGS
Entry: 0.00005300–0.00005380
SL: 0.00005520
TP 1: 0.00005050
TP 2: 0.00004780
TP 3: 0.00004520
Price ran directly into heavy supply near the 0.00005414 high, printing multiple upper wicks on the 15m timeframe. Inability to close above key resistance indicates buyer exhaustion, setting up a downward rotation back toward the consolidation base.
Trade $DOGS here 👇
Short $DOGS
Entry: 0.00005300–0.00005380
SL: 0.00005520
TP 1: 0.00005050
TP 2: 0.00004780
TP 3: 0.00004520
Price ran directly into heavy supply near the 0.00005414 high, printing multiple upper wicks on the 15m timeframe. Inability to close above key resistance indicates buyer exhaustion, setting up a downward rotation back toward the consolidation base.
Trade $DOGS here 👇
