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Everyone’s chasing DOGE longs while the 4H chart is screaming for a rug pull.
$DOGE /USDT - SHORT
Trade Plan:
Entry: 0.08626 – 0.08684
SL: 0.08929
TP1: 0.08450
TP2: 0.08313
TP3: 0.08107
Why this setup?
95% confidence on a SHORT setup with a daily bearish trend. RSI at 65 on the 15m shows local overheat, while 1h ATR is tight—suggesting a squeeze is brewing downward. Why now? Entry at 0.08655 is the perfect rejection zone before a drop to TP1 at 0.08450.
Debate:
Are you shorting the 0.08655 breakdown or waiting for a wick to 0.08684 first?