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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?