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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#DOGEUSD #Dogecoin #CryptoTrading #LuxAlgo #PriceAction #SupplyAndDemand #CryptoScalping #Altcoins
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.
---
#DOGEUSD #Dogecoin #CryptoTrading #LuxAlgo #PriceAction #SupplyAndDemand #CryptoScalping #Altcoins
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