đŽ $DOGE /USDT â Bearish Continuation Setup After Failed Breakout đ
DOGE is struggling to reclaim its recent highs and continues to trade below a heavy resistance band. The price action suggests distribution, not accumulation â making this zone attractive for short opportunities.
đ Trade Plan â SHORT đ
đ» Entry Zone:
$0.155 â $0.170
â Stop-Loss:
$0.190 â invalidates bearish structure
đŻ Take-Profit Targets:
âą TP1: $0.128 â $0.120 (local demand / first liquidity pocket)
âą TP2: $0.110 â $0.095 (major support & panic zone)
đ Why This Setup Makes Sense
âą Price is consistently rejected from resistance
âą Sideways â bearish structure indicates seller dominance
âą Volume is fading on bounces â a classic bull trap signal
âą A breakdown below $0.150 can accelerate the move to sub-$0.12
â ïž Trade Smart
Wait for price to react inside the entry range and manage risk carefully â DOGE moves fast when volatility returns.
Protect capital. Trade with structure. đŒđ