The trend remains our friend, and right now, that friend is looking decidedly bearish. Looking at the 15m chart, DOGE is showing clear signs of exhaustion. After a rejection from the EMA(99) coupled with a fresh lower high, the downside pressure is becoming hard to ignore.
As long as we stay below the critical resistance zone of $0.1378–$0.1385, the path of least resistance is lower. We are likely looking at another liquidity sweep as the market searches for a firm floor.
The Trade Setup
I’m looking to capitalize on this persistent weakness. Here is how I’m framing the short entry:
🎯 Short Entry: $0.13650 – $0.13740
Take Profit 1: $0.13550
Take Profit 2: $0.13420
Take Profit 3: $0.13280
Stop Loss: $0.13860
The Bottom Line
The bearish bias remains firmly intact. Unless we see a high-volume impulsive bounce that reclaims the EMAs and flips them to support, I am staying defensive. Manage your risk, stick to the levels, and let the trade come to you.
