$DOGE5L showing strong downside reaction after rejection from local highs.


Sellers in control with structure shifting bearish on lower timeframes.

EP
0.0162 - 0.0168

TP
TP1 0.0155
TP2 0.0148
TP3 0.0140

SL
0.0175

Liquidity above 0.0173 was tapped before a sharp sell-off, confirming distribution. Weak recovery and continued lower highs suggest downside continuation unless price reclaims resistance.

Let’s go $DOGE5L ‌
DOGE5L-6.98%
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OrdersPlacedBeforeTheStorm
· 04-18 01:22
If it can strongly recover above 0.0170 and stabilize later, the bearish logic will need to be reconsidered.
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0xLateComer
· 04-17 11:59
This pullback is quite decisive; the bears are indeed controlling the market.
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PerpPessimist
· 04-17 10:58
Note: This is 5L, volatility amplification, don't get carried away with your position.
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GateUser-e84f640c
· 04-17 01:32
This kind of "liquidity extraction followed by waterfall" chart pattern is very common; following the structure yields a higher success rate.
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GateUser-3e7da866
· 04-16 15:56
Liquidity above 0.0173 gets swept and then crashes, typical distribution vibe.
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ForkMoment
· 04-16 15:48
The EP range is decent; I will wait until around 0.0162 to confirm before entering, don't chase after the knife edge.
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RugpullTherapist
· 04-16 15:41
SL 0.0175 here is very reasonable; if it breaks, it indicates the structure is being recycled, so don't force it.
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Neon-LitStreetsAfterTheRain
· 04-16 15:35
The partial profit-taking approach from TP1 to TP3 is good, especially in this downward trend, don't be greedy.
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NonceNomad
· 04-16 15:30
Your plan is quite clear: sweep high-position liquidity → go short → take profits in batches according to the trend; discipline in execution is more important than the specific entry points.
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ThereIsAChainInTheReflection.
· 04-16 15:30
I'm more concerned about the 0.0148 level; if it breaks below, it might directly drop to test 0.0140.
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