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DOGE 4-hour bearish signal, 95% win rate, would you dare to follow?
$DOGE /USDT - SHORT
Trade Plan:
Entry: 0.07214 – 0.07240
SL: 0.07352
TP1: 0.07133
TP2: 0.07071
TP3: 0.06977
Why pay attention to this structure?
- Bearish lock on the 4H timeframe, EMA ribbons bearishly aligned, clear downward trend.
- RSI 15min at 43.38, not oversold, room to drop further.
- Current price 0.07227, TP1 0.07133, TP2 0.07071, risk-reward ratio above 1:2.
- Why not go long now? Because the 1D trend is also bearish, taking short trades in the direction of the trend has a higher win rate.
Discussion:
Will it hit TP2 first, or will it fake out to the short side and rebound to stop out?