DOGE has tapped into a major supply zone between 0.20121 – 0.20318, where sellers previously stepped in aggressively. The reaction suggests another potential rejection from this area.
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🔍 Key Technical Levels:
🔵 Supply Zone: 0.20121 – 0.20318
📉 Price already reacted sharply here = strong seller presence.
🔵 Support Levels to Watch:
0.19290 – intraday support/first target
0.18245 – high-demand zone & potential bounce area
📌 Price is now showing weak bullish momentum with long upper wicks, suggesting a possible short-term reversal or pullback.
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🧠 Trade Setup (Scalp Idea):
🟥 Bearish Reversal Plan:
Entry: Around 0.20100 – 0.20250 (confirmation from wick rejection or bearish engulfing candle)
TP1: 0.19290
TP2: 0.18245
SL: Above 0.20350
📉 Risk-Reward: Favorable 1:2+ if executed with proper timing.
---
⚠️ Fundamental Catalyst:
🗓️ U.S. news events expected — likely to cause volatility in crypto pairs with USD. Stay alert.
---
🧩 Summary:
DOGE is at a strong supply zone after a steady rally. This level has previously held as resistance, and with bearish pressure building, a short opportunity is on the table. Watch for confirmation signals before entering!
💬 Are you trading this zone? Long or Short? Let me know in the comments!
#DOGEUSD #Dogecoin #CryptoTrading #PriceAction #ScalpingSetup #ShortTrade #LuxAlgo #SupportAndResistance #SupplyZone #15MinChart #TradingView
---
🔍 Key Technical Levels:
🔵 Supply Zone: 0.20121 – 0.20318
📉 Price already reacted sharply here = strong seller presence.
🔵 Support Levels to Watch:
0.19290 – intraday support/first target
0.18245 – high-demand zone & potential bounce area
📌 Price is now showing weak bullish momentum with long upper wicks, suggesting a possible short-term reversal or pullback.
---
🧠 Trade Setup (Scalp Idea):
🟥 Bearish Reversal Plan:
Entry: Around 0.20100 – 0.20250 (confirmation from wick rejection or bearish engulfing candle)
TP1: 0.19290
TP2: 0.18245
SL: Above 0.20350
📉 Risk-Reward: Favorable 1:2+ if executed with proper timing.
---
⚠️ Fundamental Catalyst:
🗓️ U.S. news events expected — likely to cause volatility in crypto pairs with USD. Stay alert.
---
🧩 Summary:
DOGE is at a strong supply zone after a steady rally. This level has previously held as resistance, and with bearish pressure building, a short opportunity is on the table. Watch for confirmation signals before entering!
💬 Are you trading this zone? Long or Short? Let me know in the comments!
#DOGEUSD #Dogecoin #CryptoTrading #PriceAction #ScalpingSetup #ShortTrade #LuxAlgo #SupportAndResistance #SupplyZone #15MinChart #TradingView
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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.