$DOGE The downtrend line (orange) acts as strong resistance, the price is being rejected in this area.
• Nearest support area: 0.3400.
2. Short setup:
• Entry: 0.3670 (near the downtrend line).
• Take Profit: 0.3400 (strong support).
• Stop Loss: 0.3730 (above the trendline to limit risk).
3. R:R (Risk:Reward):
• With Entry: 0.3670, TP: 0.3400, SL: 0.3730:
• R:R ≈ 1:4.5 (good for Short orders).
Note: Need to wait for confirmation of increased selling volume in the resistance area to ensure a stronger signal.