DOGE/USDT 1H Chart Analysis
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Current Market Structure:
Smart Money Activity:
Key Levels:
Risk Score:
Market Maker Intent:
Recommendation:
Confidence Level:
🚀 Follow me on TradingView if you respect our charts! 📈
🚀 Follow me on TradingView if you respect our charts! 📈
Current Market Structure:
- Bearish trend confirmed with lower highs and lower lows.
- Hidden Bearish Divergence: RSI failing to break previous highs while price weakens.
Smart Money Activity:
- Distribution phase evident at premium zones ($0.30500+).
- Market Makers engineering liquidity grab before further downside.
- Expecting accumulation to start around $0.25800.
Key Levels:
- Entry Zone: $0.27000 - $0.27200.
- Targets:
- T1: $0.26500.
- T2: $0.25800.
- Stop Loss: Above $0.28000.
Risk Score:
- 7/10 (Moderate risk – favorable R:R setup).
Market Maker Intent:
- Selling pressure remains dominant at premium levels.
- Volume profile suggests a push toward discount zone at $0.25800.
- Reclaiming $0.30500 could invalidate the short setup.
Recommendation:
- Short positions are favorable within the $0.27000 - $0.27200 range.
- Maintain tight stops above $0.28000.
- Monitor price action near $0.25800 for potential accumulation and reversal.
Confidence Level:
- 8/10 for short continuation.
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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.
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.