Dogecoin just tapped into a high supply zone around 0.183 and showed strong rejection with a bearish candle. The zone has previously acted as strong resistance, and we’re already seeing signs of a potential reversal.
Key Levels to Watch:
Resistance Zone: 0.18000 – 0.18300 (supply zone)
Support Levels:
0.16913 – minor support (previous resistance)
0.15562 – major demand zone (price reacted heavily here before pumping)
What I'm Watching:
If price fails to break and hold above 0.183, we could see a short-term correction to 0.169 or even deeper into the 0.155 demand zone.
However, a clean breakout above the supply zone with a retest could signal continuation toward 0.19+.
Trade Ideas:
Short setup if price shows further rejection from supply zone with confirmation.
Long re-entry at 0.169 or 0.155 if price forms bullish reversal patterns.
Technical Confluence:
Price is overextended after a strong bullish move.
The rejection candle from the supply zone aligns with typical liquidity grab behavior.
Let me know in the comments: Are you shorting this resistance or waiting for a bullish breakout?
#Dogecoin #DOGEUSD #CryptoTrading #PriceAction #SupplyAndDemand #ReversalSignal #TradingStrategy
Key Levels to Watch:
Resistance Zone: 0.18000 – 0.18300 (supply zone)
Support Levels:
0.16913 – minor support (previous resistance)
0.15562 – major demand zone (price reacted heavily here before pumping)
What I'm Watching:
If price fails to break and hold above 0.183, we could see a short-term correction to 0.169 or even deeper into the 0.155 demand zone.
However, a clean breakout above the supply zone with a retest could signal continuation toward 0.19+.
Trade Ideas:
Short setup if price shows further rejection from supply zone with confirmation.
Long re-entry at 0.169 or 0.155 if price forms bullish reversal patterns.
Technical Confluence:
Price is overextended after a strong bullish move.
The rejection candle from the supply zone aligns with typical liquidity grab behavior.
Let me know in the comments: Are you shorting this resistance or waiting for a bullish breakout?
#Dogecoin #DOGEUSD #CryptoTrading #PriceAction #SupplyAndDemand #ReversalSignal #TradingStrategy
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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.