$DOGE /USDT STRUGGLING TO RECOVER – BEARS STILL IN CONTROL? 🚨🐻
The price of
$DOGE is currently trading at 0.20560, showing weakness as the bears keep the price suppressed. A minor bounce is visible, but the overall trend remains bearish unless key resistance levels are broken.
🔻 Key Levels:
Resistance: 0.20800 - 0.21000 (Needs to break for a bullish reversal)
Support: 0.19950 - 0.20200 (If broken, expect further downside)
📉 Trade Setup – SHORT ENTRY
Entry: 0.20550 - 0.20650
Targets: 0.20200, 0.20000, 0.19950
Stop Loss: 0.20900
📊 Market Outlook:
The market is currently in a downtrend, with lower highs and lower lows forming. If the price fails to break 0.20800, another wave of selling pressure could push it toward the 0.20000 level. Bulls need a strong breakout above 0.21000 for a shift in momentum.
⚠ Risk Management:
Always use stop-losses to protect capital, avoid excessive leverage, and trade with proper risk-reward ratios.
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