$DOGE Update: Bear flag structure is breaking down, signaling sellers are regaining control. 📉
Consider a Short position on $DOGE.
Entry: 0.105 – 0.108
SL: 0.111
TP1: 0.101
TP2: 0.0966
DOGE has been consolidating within an ascending channel, but recent price action shows a clear loss of bullish momentum at the upper resistance. The failure to maintain the channel's mid-line, followed by a sharp rejection, suggests this move was likely a corrective bear flag.
Technical structure now points toward a breakdown of the lower trendline. This targets liquidity pools below as the primary bearish trend is expected to resume.
Trade $DOGE here 👇
(DOGEUSDT)