📉 DOGE Short Setup in Focus 🔻
Trading Plan:
Bias: Short
Entry: 0.1410 - 0.1440
SL: 0.1485
TP1–TP3: 0.1355 / 0.1320 / 0.1280
Technical Analysis:
The asset is in a clear bearish trend on the 4-hour timeframe, consistently making lower highs and lower lows. The price is currently trading below the key Exponential Moving Averages (EMA 7, 25, and 99), which are acting as dynamic resistance. The EMA 99, in particular, has served as a significant rejection level. A breakdown of the current consolidation range would serve as a confirmation signal for bearish continuation, supported by an RSI reading below 50, which indicates prevailing bearish momentum.
Invalidation:
Only a sustained break and close above the 0.1485 resistance level would invalidate this bearish outlook.
DOGEUSDT
Perp
0.13446
-1.75%
IRYSUSDT
Perp
0.026962
-14.69%