DOGEUSDT 15M – Supply Rejection, Bearish Move UnfoldingDogecoin / TetherUSBINANCE:DOGEUSDTFrankFx14 Dogecoin has tapped into the supply zone near $0.2260 – $0.2280, showing a clear rejection and failure to sustain above $0.2214. Price is now rolling over, indicating sellers are stepping in strongly. 🔑 Key Technical Levels Supply Zone (Resistance): $0.2260 – $0.2280 → Fresh rejection confirms bearish pressure. Immediate Support: $0.2147 → A minor demand zone and short-term reaction point. Deeper Demand Zone: $0.2072 – $0.2060 → Strong historical support where buyers previously stepped in. 📉 Bearish Outlook If DOGE fails to reclaim $0.2214, momentum favors the downside. Price is likely to test $0.2147 first. A breakdown below this level exposes the major demand zone at $0.2072 – $0.2060. This zone could act as the next liquidity pool for buyers. 📈 Bullish Invalidation A strong recovery and close above $0.2214 would invalidate the bearish scenario. Only then can DOGE attempt another retest of the $0.2260 – $0.2280 supply area. 📊 Market Context Recent bounce into supply lacked strong volume follow-through, suggesting weaker buying interest. The overall structure on the 15M chart favors sellers unless $0.2214 is reclaimed. ✅ Trading Plan Bearish traders: Look for short setups below $0.2214 with targets at $0.2147 and $0.2072. Conservative traders: Wait for a confirmed break below $0.2147 before entering shorts. Risk management: Place stops above $0.2225 (just beyond the rejection zone). 📝 Summary DOGE is showing weakness after rejection from supply. As long as it trades below $0.2214, the bias remains bearish with downside targets at $0.2147 and $0.2072. Only a breakout above $0.2214 would flip the short-term outlook bullish.