$DOGE Facing strong resistance rejection as bearish momentum signals a potential downward move.
Short Trading Plan for DOGE (10x)
Entry: 0.10290 – 0.10315
SL: 0.10418
TP1: 0.10200
TP2: 0.10100
TP3: 0.10010
DOGE is facing very strong resistance rejection in the 0.10290 – 0.10315 region. The bearish momentum is increasing, signaling a potential downward move. Recent upward pushes have failed to sustain the price, and the overall structure is weakening.
The stop loss is placed at 0.10418, a relatively clean level above the resistance zone. If it is swept away, there's no regret. If the downward pressure continues, targets of 0.10200 → 0.10100 → 0.10010 are entirely feasible.
The distance from entry to stop loss is quite close (~1-1.2%). Suitable for a short-term short trade. Enter a small order and set the stop loss correctly.
Facing strong rejection, will there be a downward move? Have you entered a short trade yet? Comment to discuss!