DOGE/USDT 1H: Bears in Control – Targeting $0.31500 Next! 
2025-01-31
Category: None

DOGE/USDT 1H Chart Analysis
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 Current Market Condition: 
 
 Bearish consolidation at $0.33146 with strong resistance at $0.34000 (Premium Zone).
 RSI: Bearish divergence at 49.69, indicating continued downside pressure.
 

 Key Levels: 
 
 Resistance Zone: $0.34000 - $0.34500.
 Support Levels:
 T1: $0.32500 (Equilibrium Zone).
 T2: $0.31500 (Discount Zone).
 Stop Loss: Above $0.34500 for short positions.
 
 
 Trade Setup (Confidence 8/10): 
 
 Entry: Short at current price ($0.33146).
 Targets:
 T1: $0.32500.
 T2: $0.31500.
 Stop Loss: $0.34500 (above key resistance).
 Risk Score: 7/10 (moderate risk, but strong setup).
 
 Market Maker Intent: 
 
 Distribution Phase: Visible at premium zone ($0.34000-$0.34500).
 Bearish Confirmation: Watch for breakdown below $0.32500 to confirm further downside.
 

 Recommendation: 
 
 Short positions favorable at current price ($0.33146).
 Wait for breakdown confirmation below $0.32500 before adding shorts.
 Maintain tight stops above $0.34500.
 Confidence Level: 8/10 for bearish continuation.
 
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