DOGE · 1H · DOWNTREND

The structure here is clean and ugly at the same time — DOGE dropped from ~0.1060 down to ~0.0800 in a sharp waterfall move early June, then consolidated and attempted a recovery to ~0.0920, only to roll back over. Price is now grinding lower again, making lower highs the entire way from the June 12 bounce, and current price at 0.08324 is compressing toward the 0.0820–0.0800 support zone. Every rally gets sold. The macro headlines in play carry zero fundamental catalyst for DOGE — the "DOGE task force" references are unrelated government efficiency initiatives, not crypto news. I'm reading this as a continued bear structure with sellers in control above 0.0860.

I'm not chasing this short — price is sitting mid-range between the 0.0800 support and the 0.0860–0.0880 resistance cluster. I'm waiting for a bounce into the 0.0860–0.0870 zone before entering short, because that's where the most recent lower highs were printed and where sellers have consistently reappeared. Mid-range entry gives me worse R/R and I'm not interested in it.

Setup: SHORT (conditional — on bounce to resistance)

- Entry: 0.08650

- Stop Loss: 0.08900

- Take Profit 1: 0.08200

- Take Profit 2: 0.07800

- Risk/Reward: 1.8:1

- Confidence: MEDIUM