Dogecoin
Short

DOGE/USD - Double Top Near Supply? Price Rejection Confirming

261
Dogecoin tested the $0.17922 supply zone again—and failed to break. We’re seeing a potential double top setup and early signs of rejection.

Key Levels:

Supply Zone: $0.17922 acting as strong resistance.

Immediate Support: $0.17601 – former resistance now being retested.

Major Demand Zone: $0.16958–$0.16700 – where buyers previously stepped in hard.


Trade Insight:

Bearish momentum could push price back toward $0.17600, and potentially down to $0.16950 if support cracks.

Volume and wick action at the top suggest exhaustion.

LuxAlgo zones confirm strong resistance alignment.


Quick Short Setup:

Entry Zone: $0.17850–$0.17900

Stop Loss: $0.17980

Targets: TP1: $0.17600, TP2: $0.16980


This is a high-probability scalp or intraday swing, especially if price fails to reclaim $0.179 on the next retest.


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