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DOGE 4-hour RSI drops to 23, are the whales accumulating?
$DOGE /USDT - LONG
Trading Plan:
Entry: 0.07103 – 0.07141
SL: 0.06883
TP1: 0.07301
TP2: 0.07421
TP3: 0.07601
Why focus on this structure?
- RSI on 15-minute is only 23.11, deeply oversold, a rebound is imminent
- Although the 4-hour EMA lines are bearish, the price has stabilized near the support level of 0.07122
- ATR volatility at 0.000767 indicates exhaustion of selling pressure, risk is manageable now
- LONG targets TP1: 0.07301 (+2.5%), TP2: 0.07421 (+4.2%)
Discussion:
Will this rebound first hit TP1 then retrace, or go straight through TP2?