$DOGE remains in a strong bearish structure, with price trapped near the $0.0820 support after a prolonged series of lower highs and lower lows. Sellers are still controlling the trend, and the recent bounce has failed to reclaim major resistance. A clean breakdown below $0.0820 could expose fresh downside liquidity, while only a strong reclaim above $0.0855 would begin to weaken the bearish setup.
Trade Setup
Entry: $0.0818 - $0.0822
Target 1: $0.0795
Target 2: $0.0770
Target 3: $0.0745
Stop Loss: $0.0856
How it's possible
The market structure remains bearish, with sellers defending lower-high zones and buyers struggling to establish a sustained recovery. The $0.0820 area is the key support; losing it can trigger stops and fresh short-side liquidity.
For confirmation, a decisive candle close below $0.0820 with expanding sell volume would strengthen the breakdown. Weak momentum and failure to reclaim $0.0855 would further favor sellers. If price breaks support and then retests it from below, rejection would provide stronger confirmation for continuation.
The bearish setup is invalidated if price reclaims and closes strongly above $0.0856, showing that sellers have lost control of the immediate structure.
If price closes above $0.0856, the bearish setup fails and the trade should be exited to protect capital.
Let’s go and Trade now $DOGE
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