DOGE 0.087 is a trap—here’s why the bears are already in control.



$DOGE /USDT - SHORT

Trade Plan:
Entry: 0.08667 – 0.08705
SL: 0.08868
TP1: 0.08550
TP2: 0.08459
TP3: 0.08322

Why this setup?
RSI on the 15m is 32.79, deep in oversold but still sliding. 1D trend is bearish, and the 4h structure confirms a short bias with 95% confidence. Entry ref at 0.08686, with TP1 at 0.08550—this isn’t a bounce setup, it’s a breakdown waiting to happen. Why now? The ATR is tight (0.000758), suggesting a squeeze is imminent, but the direction favors shorts.

Debate:
Are you fading the RSI oversold or following the daily bearish trend into TP1?
DOGE-0.81%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned