Dogecoin is facing heavy resistance near the $0.1835 supply zone, where multiple rejections suggest buyer exhaustion. This level is also aligned with the LuxAlgo Supply and Demand Visible Range, adding more confluence to the bearish bias.
Key Observations:
Strong rejection from $0.1835 - $0.1800 supply zone.
Bearish momentum building below resistance.
Price forming a potential double top structure with lower highs.
Targets if Breakdown Confirms:
$0.1606 – Mid-range support and recent consolidation level.
$0.1399 – Major demand zone and high-volume area.
Breakdown below $0.1606 could trigger a sharper selloff into the orange demand zone.
Watch for:
Breakdown candle below $0.175 + retest = entry signal.
Bearish continuation pattern confirmation.
News catalysts (highlighted on chart for May 5–9) could add volatility.
Trade Idea:
Short bias below $0.175 with targets at $0.160 and $0.140.
Invalidation: Clean break above $0.1835 with strong bullish candle.
What’s your bias on DOGE? Drop a comment below – Long or Short?
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#Dogecoin #DOGEUSD #CryptoTrading #SupplyAndDemand #LuxAlgo #Altcoins #BearishRejection #PriceAction #TradingView
Key Observations:
Strong rejection from $0.1835 - $0.1800 supply zone.
Bearish momentum building below resistance.
Price forming a potential double top structure with lower highs.
Targets if Breakdown Confirms:
$0.1606 – Mid-range support and recent consolidation level.
$0.1399 – Major demand zone and high-volume area.
Breakdown below $0.1606 could trigger a sharper selloff into the orange demand zone.
Watch for:
Breakdown candle below $0.175 + retest = entry signal.
Bearish continuation pattern confirmation.
News catalysts (highlighted on chart for May 5–9) could add volatility.
Trade Idea:
Short bias below $0.175 with targets at $0.160 and $0.140.
Invalidation: Clean break above $0.1835 with strong bullish candle.
What’s your bias on DOGE? Drop a comment below – Long or Short?
---
#Dogecoin #DOGEUSD #CryptoTrading #SupplyAndDemand #LuxAlgo #Altcoins #BearishRejection #PriceAction #TradingView
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