DOGE/USDT 1H: Bears Take Control – Discount Zone Incoming?
2025-02-03
Category: None

DOGE/USDT 1H Chart Analysis
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 Current Market Structure: 
 
 Bearish trend confirmed with lower highs and lower lows.
 Hidden Bearish Divergence: RSI failing to break previous highs while price weakens.
 
 Smart Money Activity: 
 
 Distribution phase evident at premium zones ($0.30500+).
 Market Makers engineering liquidity grab before further downside.
 Expecting accumulation to start around $0.25800.
 
 Key Levels: 
 
 Entry Zone: $0.27000 - $0.27200.
 Targets:
 T1: $0.26500.
 T2: $0.25800.
 Stop Loss: Above $0.28000.
 
 Risk Score: 
 
 7/10 (Moderate risk – favorable R:R setup).
 
 Market Maker Intent: 
 
 Selling pressure remains dominant at premium levels.
 Volume profile suggests a push toward discount zone at $0.25800.
 Reclaiming $0.30500 could invalidate the short setup.
 
 Recommendation: 
 
 Short positions are favorable within the $0.27000 - $0.27200 range.
 Maintain tight stops above $0.28000.
 Monitor price action near $0.25800 for potential accumulation and reversal.
 
 Confidence Level: 
 
 8/10 for short continuation.
 
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