Dogecoin ($DOGE ) has faced a sharp rejection at $0.22000, triggering a downward move. The recent sell-off indicates weakening bullish momentum, with sellers stepping in at key resistance. The price has broken below $0.21200, confirming increased selling pressure.
If $DOGE fails to reclaim $0.21200, the next support levels at $0.20800 and $0.20450 become prime targets. A break below $0.20450 could accelerate the decline toward $0.20000, as panic selling intensifies. However, if buyers push the price back above $0.21400, the bearish outlook will be invalidated.
⚠️ Risk Management Tip: Take partial profits at Target 1, and trail stop-loss to entry price once Target 2 is reached to minimize risk.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨 $DOGE /USDT SHORT TRADE SIGNAL – BEARS TAKING CONTROL
📌 Entry Price: $0.21054
🎯 Target 1: $0.20800
🎯 Target 2: $0.20450
🎯 Target 3: $0.20000
🛑 Stop Loss: $0.21400
Why Short?
Dogecoin ($DOGE ) has faced a sharp rejection at $0.22000, triggering a downward move. The recent sell-off indicates weakening bullish momentum, with sellers stepping in at key resistance. The price has broken below $0.21200, confirming increased selling pressure.
If $DOGE fails to reclaim $0.21200, the next support levels at $0.20800 and $0.20450 become prime targets. A break below $0.20450 could accelerate the decline toward $0.20000, as panic selling intensifies. However, if buyers push the price back above $0.21400, the bearish outlook will be invalidated.
⚠️ Risk Management Tip: Take partial profits at Target 1, and trail stop-loss to entry price once Target 2 is reached to minimize risk.
#DOGE #Crypto #Altcoins #ShortTrade #Write2Earn!