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DOGE bulls' defense at 0.07246 — how much longer can it last?
$DOGE /USDT - SHORT
Trade Plan:
Entry: 0.07230 – 0.07262
SL: 0.07401
TP1: 0.07130
TP2: 0.07053
TP3: 0.06937
Why this structure?
- The 1D trend is clearly bearish, with the 4H EMA acting as strong resistance, and the 15M RSI at only 53.84, showing weak rebounds.
- The current price of 0.07246 serves as a SHORT entry reference, with SL at 0.07401 providing a narrow stop-loss protection.
- Why now? Consecutive bearish structure + 95% confidence, TP1 at 0.07130 is in sight.
Discussion:
Will it first hit TP1 at 0.07130, or directly spike to stop-loss before dropping?