DOGE/USDT 1H: Distribution Complete – Short Setup Targeting!?

DOGE/USDT 1H: Analysis
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Current Market Structure:

• Price trading at $0.25559 within a bearish structure, showing a clear distribution pattern.
  
• RSI at 38.82 with hidden bearish divergence, signaling potential for further downside.
  

Smart Money Concepts:

• Market Makers distributing within the $0.27-$0.28 zone, now shifting focus to lower liquidity pools.
  
• Current price action indicates the distribution phase is complete, with breakdown likely below $0.25.
  

Trade Setup:

• Entry Zone: Current price ($0.25559).
  
• Targets:
  
• T1: $0.24500 (near-term support).
  
• T2: $0.23000 (major liquidity zone).
  
• Stop Loss: Above $0.26200 (recent high).
  

Risk Score:
7/10 – Favorable risk-to-reward ratio, but high-risk environment due to proximity to support.
Market Maker Intent:

• Distribution phase appears to have completed, with liquidity likely being targeted below $0.24.
  
• Confirmation of breakdown below $0.25 will enhance confidence in further downside movement.
  

Recommendation:

• Short positions favorable at the current price of $0.25559 with tight stops at $0.26200.
  
• Wait for a confirmed break below $0.25 for additional entries.
  
• Spot traders are advised to maintain strict risk management.
  

Confidence Level:

• 8/10 – Bearish continuation supported by technical signals and Smart Money distribution patterns.
  

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