DOGE 4H bottom signal appears, dare you catch this falling knife?



$DOGE /USDT - LONG

Trade Plan:
Entry: 0.07274 – 0.07310
SL: 0.07065
TP1: 0.07462
TP2: 0.07576
TP3: 0.07746

Why pay attention to this structure?
- 4H level RSI 15-minute has reached 31.68, close to oversold area, short momentum is clearly weakening.
- Current price 0.07292 clings to EMA support, 1H ATR is only 0.000727, volatility contraction often foreshadows breakout.
- Referring to LONG direction, TP1 0.07462 is 2.3% from current price, risk-reward ratio exceeds 3:1, SL set at 0.07065 for protection.
- Although the daily chart is still bearish, the 84% confidence 4H rebound signal is timely.

Discussion:
This rebound first look at TP2 0.07576, or a bull trap? Will you place an order waiting for a retrace or enter directly?
DOGE-2.89%
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