Technical analysis by SupertradeOfficial about Symbol DOGE: Sell recommendation (5/16/2025)

🔍 Technical Analysis SummaryPattern: Bearish Flag (Bearish Continuation)Resistance Zone: Around 0.25945 USDTPrice Channel: Price is consolidating inside a descending flag channel after a sharp upward move.Potential Breakdown: If price breaks below the lower trendline of the flag, continuation to the downside is expected.📉 Trade Setup (Short Position)Entry Point: Around 0.22534 USDT (at or just below the flag's lower trendline to confirm breakdown)Stop Loss: Around 0.23581 USDT (above the upper flag boundary for invalidation)Take Profit Targets:oTP1: 0.20573 USDT (first strong support zone)oTP2: 0.18691 USDT (second strong support zone)✅ Risk-Reward Ratio AnalysisEntry: 0.22534Stop Loss: 0.23581 → Risk: ~1.05 centsTP1: 0.20573 → Reward: ~1.96 cents → RR ≈ 1.86:1TP2: 0.18691 → Reward: ~3.84 cents → RR ≈ 3.66:1📌 ConclusionThis bearish flag setup on DOGEUSDT presents a strong opportunity for a short position. A confirmed breakdown below the flag pattern could lead to a test of the strong support zones marked. It's a good setup with a favorable risk-reward ratio, especially if TP2 is reached.