The $DOGE market is showing renewed bearish pressure after longs were forced out, signaling that sellers currently have the upper hand.
$DOGE /USDT - SHORT
Trade Plan:
Entry: 0.07200 – 0.07240
SL: 0.07390
TP1: 0.07080
TP2: 0.06960
TP3: 0.06820
Why this setup?
The recent long liquidation reflects weakening bullish momentum and increased downside pressure. Price remains below a key resistance zone, keeping the bearish structure intact. Unless DOGE reclaims the stop-loss region with strong volume, the path of least resistance favors a move toward the listed profit targets.
Debate:
Will DOGE recover and trap the bears, or will the liquidation trigger another wave of selling toward TP2 and TP3?
Click here to Trade $DOGE
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