$DOGE USDT BEARISH REVERSAL SETUP AFTER EXHAUSTION SPIKE
$DOGEUSDT is showing signs of short-term exhaustion after an extended bullish leg, with price approaching a strong supply zone and liquidity cluster. The recent expansion appears overextended, increasing the probability of a corrective pullback or deeper retracement toward imbalance zones below.
Market structure on lower timeframes indicates weakening momentum, with rejection wicks forming near resistance and slowing bullish pressure. If price fails to sustain above the current supply region, a bearish rotation toward previous demand and breakout support becomes highly probable.
Trade Setup: Short
Entry Zone: Rejection from key resistance / supply zone
Stop Loss: Above recent swing high and liquidity wick
Targets:
TP1: Immediate intraday support level
TP2: Previous breakout zone turned support
TP3: Deeper retracement into higher timeframe demand zone
Risk Management:
Risk strictly 1–2% of total capital per trade. Avoid overleveraging. Secure partial profits at TP1 and trail stop loss to breakeven to protect capital while targeting extended downside.
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