$DOGE USDT Short Setup from Key Supply Zone
$DOGE is moving within an ascending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key resistance zone in green at 0.09700, which the price has bounced off several times, making it a strong support level.
A consolidation trend is observed below the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 0.09300
Target 1: 0.09180
Target 2: 0.09060
Target 3: 0.08930
Stop Loss: At the resistance zone in green.
Remember this simple rule: Manage your money wisely.
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