$DOGE has faced a strong rejection from the recent supply zone after a sharp impulse move. Price failed to hold higher levels and is now trading below key resistance, showing clear weakness in structure. The sell-off came with strong bearish candles, indicating distribution rather than accumulation.

Momentum remains bearish as long as price stays below the rejected zone. Any minor bounce is likely to be a liquidity grab before continuation to the downside.

Trade Setup (SHORT)

Entry: 0.1280 – 0.1320

Target 1: 0.1200

Target 2: 0.1150

Target 3: 0.1080

Stop Loss: 0.1405

Click below to take the trade

DOGE

0.10748

+1.01%