Current price is $0.1046. DOGE is down 5% today. It failed to break $0.119 twice in one week. Now sellers are in control.
Here is the setup for a short trade.
Entry: $0.1045
Stop Loss: $0.1100
Target 1: $0.0980
Target 2: $0.0910
Why this setup? Because the 4-hour chart is bearish. RSI is below 50. MACD just gave a sell signal. DOGE is also trading below the 100-day EMA at $0.106.
If support at $0.103 breaks, price can drop fast to $0.090.
If you want to go long, do not enter yet. Wait for price to hold $0.103 first.
Whales bought 330 million DOGE in April. That is good for long term. But for a quick trade, short looks cleaner right now.
What is your move? Short or long?
DOGEUSDT
Perp
0.1011
-1.54%
$DOGE #DOGE #Write2Earn #crypto