Strategic Breakdown : Shorting DOGEUSDT for Potential Gains

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I’m eyeing a **short trade** on **DOGEUSDT**, anticipating a pullback to previous highs.

Trade Setup

- Entry Point : **0.12215**

- Stop Loss (SL): **0.12905**

- Take Profit Targets :

- TP1 : **0.11108**

- TP2 : **0.09989**

- TP3 : **0.09275**

Market Analysis

With **Bitcoin (BTC)** currently struggling to find direction due to low trading volume, I believe this presents a **favourable** opportunity for a downward move over the weekend. The potential **risk/reward ratio** for this trade appears appealing, making it worth considering.

Advice for Traders

- Monitor market conditions closely, as volatility can change quickly.

- Be prepared to adjust your position or take profits early based on price action.

- Always assess your risk tolerance before entering a trade.

Conclusion

In summary, while the trade carries inherent risks, the current market setup suggests a possible downward movement for **DOGEUSDT**. Careful planning and timely execution could lead to profitable outcomes. Wishing you all successful trading!