📉 DOGE Short Setup in Focus 🔻
Trading Plan:
Bias: Short
Entry: 0.1380 - 0.1450
SL: 0.1580
TP1–TP3: 0.1300 / 0.1200 / 0.1000
Technical Analysis:
The asset exhibits a clear bearish trend on the daily timeframe, characterized by a consistent series of lower highs and lower lows. Price is trading below the key moving averages and the Supertrend indicator, which are acting as a strong resistance confluence zone. The primary rejection level is anticipated around the 0.1430 - 0.1550 area. A confirmation signal for the continuation of the downtrend would be a sustained break below the recent support at approximately 0.1325, with bearish momentum supported by the MACD trading below the zero line.
Invalidation:
Only a break and daily close above 0.1580 would invalidate this bearish setup.
