Technical analysis by ULYSSESTRADER about Symbol DOGE: Sell recommendation (9/1/2025)

1. Chart Setup Instrument: DOGEUSDT Perpetual Contract Timeframe: 4H (each candlestick represents 4 hours) Current Price: ~0.216 USDT Trend: Choppy / sideways, after a previous bullish run followed by consolidation. 2. Short Position On the chart, you see a red (stop loss) and green (take profit) zone, which indicates a short position: Entry Zone: Around 0.21705 USDT (horizontal blue entry line). Stop Loss (SL): ~0.23107 USDT (top of the red zone). If the price moves above this level, the trade is invalidated. Take Profit (TP): ~0.20173 USDT (bottom of the green zone). This is where profits will be taken if the trade plays out. 3. Risk-to-Reward Ratio The red zone (risk) is smaller than the green zone (reward). Roughly Risk: ~0.014 (6.5%) vs. Reward: ~0.015 (7%) → close to 1:1 R/R ratio. 4. Trading Idea The trader expects DOGE to drop after rejecting resistance near 0.217–0.218. The target is a retest of support around 0.2017 (recent swing low). Stop loss is set just above recent highs to avoid getting trapped in a false breakout.