DOGE · 1H · DOWNTREND

The structure here is unambiguous — DOGE has been printing lower highs and lower lows since mid-May, dropping from ~0.1200 all the way to a low around 0.0760 before a volatile, choppy bounce. That bounce has no clean impulsive character — it's messy, overlapping candles with no sustained momentum, and price is currently sitting around 0.0848 right in the middle of a congestion zone. The broader trend is still bearish, and this bounce looks corrective to me, not the start of a reversal.

I'm not touching longs here. The prior structure of 0.1000–0.1020 was significant support that's now flipped to resistance, and price hasn't even approached it. My read is that this is a dead-cat bounce that's running out of steam. I'm waiting for a clean rejection or failed push at 0.0880–0.0900 to short back toward the lows and beyond.

Setup: SHORT

- Entry: 0.0885 (at resistance cluster, conditional on rejection)

- Stop Loss: 0.0925

- Take Profit 1: 0.0800

- Take Profit 2: 0.0760

- Risk/Reward: 2.1:1

- Confidence: MEDIUM