Technical analysis by FrankFx14 about Symbol DOGE: Sell recommendation (5/8/2025)

Dogecoin (DOGE/USD 1H) – Sharp Rally into Supply Zone!DOGE just printed a massive +6.84% breakout, surging straight into a key supply zone between 0.1835 and 0.1900, as identified by LuxAlgo's Supply & Demand.What’s happening:Clean break above previous resistance at 0.1700Entering high-volume node (0.1835–0.1900), where sellers previously dominatedRSI likely overheating on lower TFs, signaling potential short-term exhaustionKey Zones to Watch:Resistance: 0.18465–0.1900 (major supply = likely rejection or breakout trap)Support: 0.1700 (former resistance now flipped support)Demand Base: 0.1557–0.1500 (ideal long reload zone if price dips)Scenarios:Bullish Breakout: Clear move and close above 0.1900 = fresh rally potential toward 0.21+Rejection Play: If supply holds, expect pullback to 0.1700 or deeper into demand zone (0.1550 area)How I'm trading it:Watching PA at 0.1850–0.1900 closelyEntering shorts if rejection candle confirmsLong reload only at 0.1700 or 0.1550 if structure remains bullishDOGE moves fast — are you long or waiting for a pullback?#Dogecoin #Crypto #DOGEUSD #Breakout #LuxAlgo #SupplyAndDemand #TradingView #CryptoTrading #Altcoins