【$DOGE Signal】Rebound encountering resistance, shorting - 4H bearish dominance

$DOGE 0.10384, 1H Bollinger Bands narrowing to 0.1031-0.1056, MACD histogram turning positive but momentum weakening. 4H MACD still expanding below the zero line, the 0.1075 midline acts as strong resistance. Buy order depth exceeds 1.07, but there is dense sell pressure above 0.1060. Funding rate -0.0036%, short positions have low holding costs, and selling pressure may continue.
🎯Direction: Short (Pending order)
⚡Entry/Order: 0.10975
🛑Stop loss: 0.11062
🚀Target 1: 0.10799
🚀Target 2: 0.10711
🛡️Trade management: - Execute strategy: reduce 50% of position after reaching Target 1, and move stop loss down to 0.10930 (break-even). If price breaks the stop loss, exit immediately.
Current risk-reward ratio is 2.0, but be alert that if the 1H volume breaks above 0.1056, the rebound strength may exceed expectations, increasing the probability of testing the midline again.
Check real-time market 👇 $DOGE
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