$DOGE | A sharp downward collapse and dominant selling momentum

A sharp downward break was witnessed at $DOGE after a period of consolidation, accompanied by strong bullish momentum reflecting a clear control of sellers over the price movement.

Sell Trade (SHORT) – $DOGE

Trading Plan:

Entry Area: 0.0885 – 0.0892

Stop Loss (SL): 0.0912

Profit Targets:

TP1: 0.0877

TP2: 0.0858

TP3: 0.0845.

Justifications for the Trade:

A clear break of an important support level with acceleration in downward momentum.

Strong selling pressure confirms market dominance from the sellers' side.

If the price fails to quickly regain support, a continued downward trend is likely.

Recommendation:

Focus on selling opportunities at $DOGE while strictly adhering to risk management.

DOGEUSDT

Perp

0.09182

+1.94%