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$DOGE Signal | Bearish dominance, 1H buying volume breaks down
$DOGE 1H MACD shows a widening bearish crossover below the zero line, RSI at 46.5 continues to weaken. The 4H Bollinger Band middle line at 0.0956 is broken, with the lower band at 0.0934 serving as recent support. Selling pressure has occupied over 60% of five consecutive candles, and bulls show no desire to counterattack.
🎯Direction: Short
⚡Entry: Short at current price 0.0959, or place a short order at 0.09618
🛑Stop loss: 0.09445
🚀Target 1: 0.09964
🚀Target 2: 0.10137
🛡️Trade management:
- Reduce 50% of position at Target 1, move stop loss to entry price. Hold remaining position for Target 2, if price falls below 0.09521 and rebounds are weak, close all.
Depth logic: Each rebound high on the 1H chart is decreasing, three consecutive candles in the 0.0959-0.0962 range show increasing volume and stagnation, indicating concentrated selling pressure. Funding rate at 0.0083% is relatively high, increasing long position costs. Accelerated decline could trigger a chain of liquidations. Risk-reward ratio is close to 1:2, worth a shot.
Check real-time quotes 👇 $DOGE
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