$DOGE /USDT BEARISH SETUP: TECHNICAL ANALYSIS

$DOGE/USDT is showing early signs of bearish momentum after a minor pullback from recent highs. Price is struggling to maintain key support levels, suggesting potential continuation to the downside. Traders should watch for breakdowns below immediate support zones.

Entry: Short below 0.1560

Targets (TP): 0.1500, 0.1450, 0.1400

Stop Loss (SL): 0.1620

Technical Points:

Trend Analysis: Lower highs indicate weakening bullish momentum and growing selling pressure.

Support/Resistance: Immediate support at 0.1560, resistance near 0.1620.

Volume: Slight increase in selling volume confirms short-term bearish bias.

Moving Averages: Price below short-term MA signals trend reversal.

RSI: Approaching oversold levels, monitor for minor pullbacks before entering.

Risk Management: Keep risk below 2% per trade and adjust SL if price consolidates above resistance.