While retail looks for a meme-coin bounce, $DOGE is hitting heavy resistance structure.
$DOGE — SHORT
Trade Plan:
Entry: 0.086440 – 0.087540
SL: 0.089500
TP1: 0.085560
TP2: 0.084120
TP3: 0.080200
Why this setup?
4H Bias & Confidence: 80% bearish conviction as price tests a strong overhead liquidity block and structural resistance.
Moving Averages: Rejected near the local high, threatening a breakdown below the tight 1H MA(7) support line ($0.08655).
Volume Analysis: Moderate 24h trading volume of 381.12M USDT indicates weakening buy pressure at this distribution level.
Debate:
Are you shorting the resistance test here, or waiting for a breakdown below $0.08550?
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