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Can you dare to follow this DOGE 4-hour LONG signal?
$DOGE /USDT - Go Long (LONG)
Trading Plan:
Entry: 0.07217 – 0.07253
SL: 0.07012
TP1: 0.07402
TP2: 0.07514
TP3: 0.07681
Why pay attention to this structure?
- RSI (15 minutes) 39.3, close to oversold, short-term rebound momentum building.
- 1-hour EMA support at 0.07234; the current price at 0.07235 is just stepping over the line—an accurate entry point.
- The daily chart is slightly bearish, but the 4-hour trend reversal signal is clear, with 84% confidence. After breaking TP1 at 0.07402, the TP2 target is 0.07514.
- Why now? Price is near support, RSI is at a low point, and the short-term risk-reward ratio is high.
Discussion:
Will this wave first reach TP2 0.07514, or is it a bull trap? What do you think?