【$DOGE Signal】Short position, downtrend continuation, wait for structure confirmation

$DOGE is experiencing weak consolidation after a volume-driven decline. The 4H chart shows consecutive bearish candles, with the latest candlestick closing near the previous low, indicating that selling pressure has not been fully released. Funding rates have turned negative, but open interest remains high. Combined with market logic, caution is advised as there is a risk of further decline triggered by long liquidation. The order book shows significantly larger sell orders than buy orders, indicating clear resistance to a rebound.

🎯 Direction: Short position (NoPosition)

The current price is oscillating weakly above a key support zone (0.097-0.098), but there is no effective buy absorption or bottom structure. The first consolidation after a decline is mostly a continuation pattern, with a low probability of a direct reversal. Wait for clear signs of a trend reversal (such as a strong bullish engulfing candle on the 4H chart or formation of a higher low) or a confirmed break below support to signal the continuation of the downtrend. Look for high-probability entry points. Small losses, big gains—profit from probability.

Trade here: 👇 $DOGE

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#Is the current market bottoming out or just observing?