Dogecoin Short Setup – Momentum Fading at Resistance.
Market Outlook:
$DOGE is approaching a key reaction ceiling where bullish momentum appears to be weakening. Price action is no longer showing strong expansion, suggesting that the recent upward move may be running out of strength.
Trading Plan (Short):
Entry Zone: 0.103 – 0.109
Stop Loss: 0.114
Take Profit Targets:
TP1: 0.096
TP2: 0.088
TP3: 0.080
Technical Perspective:
The current structure indicates that price is becoming stretched as it pushes into resistance. Instead of clean continuation, momentum is fading and showing signs of inefficiency. This often signals that buyers are encountering increasing sell pressure.
There are early indications of absorption near the top, where sellers may be stepping in to defend the zone. If this resistance holds, it could trigger a broader corrective move to the downside.
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