$DOGE /USDT BEARISH OUTLOOK 📉
short trade signal 💯🚨
Key Levels:
- Current Price: $0.31683
- Resistance Levels: $0.32000, $0.32500, $0.33000
- Support Levels: $0.31500, $0.31000, $0.30500
Trade Setup:
- Short Entry: $0.31600
- Take Profit (TP):
- TP1: $0.31000
- TP2: $0.30500
- Stop Loss (SL): $0.32000
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: 1-2% of total portfolio
Summary:
We are looking to short $DOGE/USDT due to the recent bearish trend observed in the chart. The price has been unable to break above the resistance level of $0.32000 and is showing signs of further decline. By entering a short position at $0.31600, we aim to capitalize on the downward momentum with targets set at $0.31000 and $0.30500. Proper risk management is crucial, hence the stop loss is set at $0.32000 to minimize potential losses.
Happy trading and may the market be in your favor!