$DOGE Breaks Down From Key Support — Short Setup Confirmed 🔻
Short Trade Signal (Scalping):
Sell Zone: 0.1405 – 0.1430
TP1: 0.1370
TP2: 0.1330
TP3: 0.1295
SL: 0.1468
Leverage: 20–40x (risk 1–2%)
Open Trade in Future👇🏻
Spot Traders: Fresh spot buying is only safe near 0.131–0.128, the next major demand zone. If holding from higher, consider reducing exposure.
Why This Trade:
Doge has broken below an important support zone at 0.142–0.140, turning it into fresh resistance. Both the 1H and 1D charts show a clean rejection at the upper band, followed by a strong push downward. The next major support levels sit at 0.137 and 0.131, with resistance heavy at 0.143–0.145 — creating a strong bearish imbalance.
Trend remains clearly down: all EMAs are sloping lower, and DOGE continues trading under the daily mid-band with weak bounces. Volume confirms selling pressure — red volume bars are consistently stronger, showing bears active on every rally. Sentiment across meme coins cooled as $BTC and $ETH dropped, removing speculative momentum from DOGE. Fundamentally, no major catalyst is present right now for upside, while the market continues favoring risk-off behavior.
With resistance overhead, weakening demand, and momentum aligning bearish on multiple timeframes, the short setup offers the highest probability. If you’re not following Token Talk, you’re definitely missing the real moves.