I’ve called $DOGE a BEAR MARKET coin and put my skin in the game by shorting at $0.187.
If it flips $0.21 into support again, I’ll get liquidated and end up looking like a clown — though that seems rather unlikely.
Before opening any short, I always analyze an asset’s relative strength versus $BTC or $ETH , as this often reveals hidden signs of weakness or strength.
And the DAILY DOGE/BTC chart looks even weaker than DOGE/USDT. There’s a clear sequence of three bearish RSI divergences and no recent bullish ones — a major difference that strengthens the bearish case.
That’s the beauty of pairing charts — they expose relative performance that regular USD pairs can hide. In this case, the weakness is crystal clear.
So, short in play, stop-loss strategy as stated in the quoted post, and take-profit levels are as follows:
$0.143
$0.130
$0.092
I’ll update these if new technical arguments appear on the charts.
BEAR MARKET coin until $0.21 is reclaimed, or until the risk-off period ends. Simple.
👽💙