DOGE/USDT 1H: Bears in Control – Targeting $0.31500 Next!

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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