📉 $DOGE Drowning: Can the Meme King Rebound?
DOGE / USDT - SHORT (Bearish Momentum)
🎯 Trade Plan:
Entry Zone: $0.09060 - $0.09120 (Wait for rejection at MA 7)
TP 1: $0.09000 (Psychological Support)
TP 2: $0.08920
TP 3: $0.08800 (Major Demand Zone)
Stop Loss (SL): $0.09250 (Above MA 99)
🧠 Why this setup?
Bearish Structure: DOGE is showing a clear downtrend on the 15m chart. Every small bounce is being met with aggressive selling pressure, creating "Lower Highs."
MA Breakdown: The price is trading below the MA(7), MA(25), and MA(99). Specifically, the MA(99) is sloping downwards, acting as a heavy ceiling for any recovery attempts.
Support Breach: DOGE recently broke the $0.09100 support level. It is currently hovering just above the 24h low of $0.09000. If this psychological round number breaks, expect a fast flush.
Volume Analysis: The large red volume spikes during the drops compared to small green bars on the bounces confirm that the bears are in full control.
💬 Debate:
DOGE is teetering on the edge of the $0.09000 support. Do you think the meme community will step in to save this level, or are we heading straight for a deeper correction? I’m seeing more downside—what's your take? 👇
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