DOGE/USDT 1H: Distribution Complete – Short Setup Targeting!?
2025-02-06
Category: None

DOGE/USDT 1H: Analysis
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 Current Market Structure: 
 
 Price trading at $0.25559 within a bearish structure, showing a clear distribution pattern.
 RSI at 38.82 with hidden bearish divergence, signaling potential for further downside.
 
 Smart Money Concepts: 
 
 Market Makers distributing within the $0.27-$0.28 zone, now shifting focus to lower liquidity pools.
 Current price action indicates the distribution phase is complete, with breakdown likely below $0.25.
 
 

 Trade Setup: 
 
 Entry Zone: Current price ($0.25559).
 Targets:
 T1: $0.24500 (near-term support).
 T2: $0.23000 (major liquidity zone).
 Stop Loss: Above $0.26200 (recent high).
 
 Risk Score: 
7/10 – Favorable risk-to-reward ratio, but high-risk environment due to proximity to support.
 Market Maker Intent: 
 
 Distribution phase appears to have completed, with liquidity likely being targeted below $0.24.
 Confirmation of breakdown below $0.25 will enhance confidence in further downside movement.
 
 Recommendation: 
 
 Short positions favorable at the current price of $0.25559 with tight stops at $0.26200.
 Wait for a confirmed break below $0.25 for additional entries.
 Spot traders are advised to maintain strict risk management.
 
 Confidence Level: 
 
 8/10 – Bearish continuation supported by technical signals and Smart Money distribution patterns.
 
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