📈 DOGEUSDT – May 29, 2025 | NIGHT
Current Price: 0.22310
Condition: Weak consolidation, sellers starting to dominate. Failed to break resistance and is starting to move down.
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🔍 Market Condition:
Failed to breakout at 0.2260 and formed a lower high pattern.
Selling pressure is increasing (57.5% vs 42.5%).
Currently testing important support at 0.2225–0.2215.
Price is at a crossroads: awaiting confirmation of breakdown or reversal.
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🧭 Direction Scenario:
🔻 Down Scenario:
If breakdown below 0.2225:
Target: 0.2210 → 0.2195
Confirmation signal: Close H1 below 0.2225 + increased selling volume.
🔺 Up Scenario:
If it holds and rebounds from 0.2220–0.2230:
Target: 0.2245 → 0.2260 → 0.2278
Confirmation signal: Bullish engulfing or H1 pin bar from lower support.
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📝 Note:
Currently not ideal for entry — wait for clear confirmation.
Beware of fakeouts & use small capital to withstand this sideways phase.
Safer to wait for the next 1-hour candle before taking a position.