I'm leaning towards a right-side short on DOGE.
This recent sideways action has repeatedly tested the same resistance zone, and every time the price tries to break above, it fails to sustain, indicating that selling pressure is still present above.
I'm not looking to guess the bottom; instead, I'm waiting for it to show "weakness in the bounce" before I continue to pile on shorts.
In this chart, I've made it clear:
- The upper resistance zone is a key boundary
- As long as it can't reclaim that level, the bearish structure remains intact
- The logic for going short on the right side isn't about catching the bottom but waiting for confirmation of weakness and then trading with the trend.
My expectation for this trade is straightforward:
I hope the price will hit the take-profit target below.
Of course, even if my reasoning is solid, if it doesn't hold my stop loss, it's all for nothing.
If the price reclaims the upper resistance zone and shows strength, I'll admit my mistake and exit; I'm not going to stubbornly fight the market.
In this kind of market, I prefer to:
Sell into the bounce below resistance → Short
Rather than chasing in the middle.
This isn't a signal; it's just my own market notes.
What do you guys think about DOGE right now? Does it look like it’s going to continue to plunge, or will we see a fake breakdown followed by a pullback?
#doge