DOGEUSD at Resistance — Rejection Incoming? | Quick Scalping

DOGE has tapped into a major supply zone between 0.20121 – 0.20318, where sellers previously stepped in aggressively. The reaction suggests another potential rejection from this area.


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🔍 Key Technical Levels:

🔵 Supply Zone: 0.20121 – 0.20318
📉 Price already reacted sharply here = strong seller presence.

🔵 Support Levels to Watch:

0.19290 – intraday support/first target

0.18245 – high-demand zone & potential bounce area



📌 Price is now showing weak bullish momentum with long upper wicks, suggesting a possible short-term reversal or pullback.


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🧠 Trade Setup (Scalp Idea):

🟥 Bearish Reversal Plan:

Entry: Around 0.20100 – 0.20250 (confirmation from wick rejection or bearish engulfing candle)

TP1: 0.19290

TP2: 0.18245

SL: Above 0.20350


📉 Risk-Reward: Favorable 1:2+ if executed with proper timing.


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⚠️ Fundamental Catalyst:

🗓️ U.S. news events expected — likely to cause volatility in crypto pairs with USD. Stay alert.


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🧩 Summary:

DOGE is at a strong supply zone after a steady rally. This level has previously held as resistance, and with bearish pressure building, a short opportunity is on the table. Watch for confirmation signals before entering!

💬 Are you trading this zone? Long or Short? Let me know in the comments!

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