DOGE/USDT 1H: Bears Eye $0.348 After Rejection at $0.37 
2025-01-24
Category: None

DOGE/USDT 1H Chart Analysis (SMC Principles)
🚀 Follow me on Tradingview if you respect our charts 📈
Current Price: $0.35948

 Market Structure: 
 
 Bearish momentum with rejection from $0.37 resistance.
 Lower highs forming as price tests the equilibrium zone.
 
 
Key Levels: 
 
 Resistance: $0.37 (premium zone).
 Support: $0.348 (discount zone).
 

 Technical Indicators: 
 
 RSI: 54.87, showing hidden bearish divergence.
 

 Trade Setup (Confidence Level: 7/10): 
 
 Entry Zone: $0.35948 (current price).
 Targets:
 T1: $0.355
 T2: $0.348
 Stop Loss: Above $0.362 (recent swing high).
 Risk Score: 7/10 (favorable R:R).
 

 Smart Money Analysis: 
 
 Institutional selling pressure visible at $0.37, suggesting distribution.
 Accumulation phase likely at $0.348, with market makers targeting liquidity below.
 
 
Recommendation: 
 
 Short position recommended with clear invalidation above $0.362.
 For optimal entry, wait for a retest of $0.36 and monitor volume for confirmation.
 Confidence Level: 7/10 for downside continuation.
 

🚀 Follow me on Tradingview if you respect our charts 📈