$DOGE – Range Floor Breakdown Short
Structure:
DOGE lost its range floor → classic acceptance below support.
The 0.099–0.101 zone is now acting as flip resistance (prior demand → supply).
Market context lately = weak meme momentum + broader risk-off tone → shorts favored on retests, not breakdown chases.
Entry Logic:
0.0990–0.1012 is a solid reload zone.
You’re shorting into resistance, not into panic — that’s correct execution.
Targets:
TP1: 0.0956 → prior minor liquidity pocket (good partial).
TP2: 0.0920 → range midpoint / inefficiency fill.
TP3: 0.0875 → full range expansion target + emotional flush zone.
Stop Loss:
0.1048 sits cleanly above:
Range high reclaim
Likely short invalidation wick
If price holds above this, the breakdown thesis is wrong — no debate.
Risk / Reward:
RR looks favorable, especially if you:
Scale out at TP1
Trail to BE after TP1 hit
Best trade quality if entry is closer to 0.101 rather than 0.099.
Invalidation / Caution:
Strong 1H close back above 0.102–0.103 = breakdown failure.
Watch BTC dominance — meme shorts get squeezed fast on BTC bounces.
