🐕 $DOGE
Testing Local Bottom: Relief Bounce or Bear Trap?
The market sentiment is heavy as $DOGE continues its fifth straight day of declines. We are currently trading around $0.0902, hovering just above the recent low of $0.0879. With price action trapped below the EMA25/99 on the 45m timeframe, the bears are clearly defending the overhead supply.
Unless we see a powerful reclaim of the $0.094 level, the structure remains bearish. The path of least resistance points toward the liquidity pools resting just under $0.088.
📉 The Short Setup: $DOGE/USDT
🎯 Entry Zone: $0.0905 – $0.0915
🚫 Stop Loss (SL): $0.0938
⚠️ Bearish Confirmation: Rejection below $0.092 keeps the momentum active.
💰 Take Profit Targets:
TP1: $0.0890 (Local Support)
TP2: $0.0875 (Liquidity Sweep)
TP3: $0.0855 (Major Demand Zone 🚨)
🔍 Market Insight:
The broader crypto market is feeling the heat today, with BTC testing critical levels. Meme coins like DOGE are often the first to feel the pressure during sector-wide liquidations. Stay sharp—only a strong breakout above $0.094 shifts the bias back to the bulls.
Is this the bottom for Dogecoin, or are we heading to $0.085? Share your target below! 👇
Author: Nabiha Noor
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