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【$DOGE Signal】4H bearish continuation, 1H rebound fails, short positions prepared
$DOGE Funding rate -0.0036%, extremely low cost for shorts. The lower Bollinger band on the 4H chart at 0.1051 continues to attract prices downward. Although the 1H MACD shows a golden cross, the volume bars are shrinking, indicating the rebound momentum is clearly weakening.
🎯Direction: Short
⚡Entry/Order: 0.10728 - 0.10914
🛑Stop loss: 0.11050
🚀Target 1: 0.10643
🚀Target 2: 0.10507
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50% and move the stop loss down to the entry price. If the price breaks the stop loss level, exit unconditionally.
Buyers' depth ratio is only 0.78, indicating insufficient willingness to buy at higher levels. The risk-reward ratio at this position is 2:1, suitable for quick in and out trades.
View real-time market 👇 $DOGE
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