"DOGE/USDT 1H: Bearish Consolidation – Short Setup Targeting

DOGE/USDT 1H: Bearish Consolidation – Short Setup Targeting $0.24000?
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Current Market Structure:

• Price at $0.25157 in a bearish trend with clear lower highs and lower lows. Currently consolidating in a tight range.
  

Market Maker Activity:

• Distribution pattern is evident with multiple bearish blocks. Volume profile suggests accumulation at lower levels.
  

Technical Indicators:

• No clear divergences present, supporting the prevailing downtrend.
  

Trade Setup (Confidence 8/10):

• Entry: Look for a short entry in the $0.25300-$0.25500 range upon retest.
  
• Targets:
  
• T1: $0.24500
  
• T2: $0.24000
  
• Stop Loss: Place above resistance at $0.26100.
  

Risk Score:

• 7/10 – Medium-high risk with a favorable risk-to-reward ratio if key levels hold.
  

Recommendation:

• Short positions are recommended once a retest of $0.25500 is confirmed, as market makers appear to be distributing at higher levels, suggesting continued downside.
  

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