Short
$DOGE โ Betting on price rejection and weakening retail sentiment
Entry: 0.0940 โ 0.0980
SL: 0.1050
TP1: 0.0880
TP2: 0.0800
TP3: 0.0480
#Doge๐๐๐ struggling to maintain momentum after a failed attempt to reclaim the $0.10 level, trading @ $0.092 (เงณเงงเงง.เงจเงฆ) ๐๐งฑ
โข The biggest bearish factor is the "rejection" at the $0.10 psychological resistance, where selling volume significantly outweighed buying pressure. ๐
โข Technically,
#DogecoinDay formed a "Shooting Star" pattern on the 4H chart, a classic bearish signal indicating that sellers are currently in control of the market. ๐๏ธ
โข While the broader crypto market is attempting a cautious rebound,
#DOGEๅฒๅฒๅฒ underperforming, with the RSI (14) falling back towards the 40 level on the daily timeframe. ๐จ
โข On-chain data indicates that whale addresses are redistributing their holdings to Robinhood and other exchanges, hinting at potential distribution and future sell pressure. ๐งฑ
โข Shorting
#DOGEๅๅๆด็ฌKABOSUๅปไธ RIGHt now is a play on market fatigue; without fresh institutional catalysts or celebrity hype, its infinite supply makes it vulnerable during risk-off periods. ๐ก๏ธ
trade here ๐
$DOGE