Dogecoin just tapped into a strong supply zone between $0.16624 – $0.16800 and showed immediate signs of rejection. Price action is slowing, and early sellers are stepping in—this could be the beginning of a short-term pullback.
---
Key Levels to Watch:
Resistance (Supply): $0.16624 – $0.16800
Support 1: $0.16227
Support 2: $0.15740
Demand Zone: $0.15600–$0.15750
---
Bearish Setup Alert:
Clean test of supply with rejection candle
Short-term bearish structure forming
Volume fading near the top—indicates buyer exhaustion
Next potential drop targets are $0.162 and $0.157
---
Scalper’s Setup:
Short Entry: Near $0.16650–$0.16750
TP1: $0.162
TP2: $0.15750
SL: Above $0.16850
Risk/Reward: 1:2+
---
What's Your Take?
Do you expect a bounce from support or deeper retracement to the demand zone?
Drop your thoughts below & like if you caught this move early!
#DOGE #Dogecoin #CryptoAnalysis #LuxAlgo #TechnicalAnalysis #Scalping #DayTrading #SupplyAndDemand #TradingView
---
Key Levels to Watch:
Resistance (Supply): $0.16624 – $0.16800
Support 1: $0.16227
Support 2: $0.15740
Demand Zone: $0.15600–$0.15750
---
Bearish Setup Alert:
Clean test of supply with rejection candle
Short-term bearish structure forming
Volume fading near the top—indicates buyer exhaustion
Next potential drop targets are $0.162 and $0.157
---
Scalper’s Setup:
Short Entry: Near $0.16650–$0.16750
TP1: $0.162
TP2: $0.15750
SL: Above $0.16850
Risk/Reward: 1:2+
---
What's Your Take?
Do you expect a bounce from support or deeper retracement to the demand zone?
Drop your thoughts below & like if you caught this move early!
#DOGE #Dogecoin #CryptoAnalysis #LuxAlgo #TechnicalAnalysis #Scalping #DayTrading #SupplyAndDemand #TradingView
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ Dbot dbot.frankfxx.com
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
✅FOR VIP DM: t.me/frankfx22
✅ Dbot dbot.frankfxx.com
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ Dbot dbot.frankfxx.com
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
✅FOR VIP DM: t.me/frankfx22
✅ Dbot dbot.frankfxx.com
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.