Dogecoin (DOGE/USDT) has confirmed a bearish continuation setup after rejecting key moving averages and breaking below short-term support.
📉 Trade Details
Entry: $0.22719 (Fibonacci retracement level)
Stop Loss: $0.23146 (above local resistance zone)
Take Profit: $0.21864 (targeting prior support)
Risk/Reward: ~1:2 — efficient downside setup
📊 Technical Confluence
✅ EMA OK: Price is trading below all short-term EMAs
✅ HTF EMA OK: Higher timeframe confirms downtrend
✅ RSI OK: RSI indicates continued bearish momentum
✅ MACD OK: Bearish MACD crossover confirmed
📉 Trade Details
Entry: $0.22719 (Fibonacci retracement level)
Stop Loss: $0.23146 (above local resistance zone)
Take Profit: $0.21864 (targeting prior support)
Risk/Reward: ~1:2 — efficient downside setup
📊 Technical Confluence
✅ EMA OK: Price is trading below all short-term EMAs
✅ HTF EMA OK: Higher timeframe confirms downtrend
✅ RSI OK: RSI indicates continued bearish momentum
✅ MACD OK: Bearish MACD crossover confirmed
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.