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DOGE bulls beware, a bearish signal has been triggered on the 4-hour timeframe
$DOGE /USDT - SHORT
Trading plan:
Entry: 0.07261 – 0.07285
SL: 0.07390
TP1: 0.07185
TP2: 0.07126
TP3: 0.07038
Why pay attention to this structure?
- Current price 0.07273, 15-minute RSI only 57.48, weak rebound
- 1-day trend clearly bearish, 4-hour EMA bearish alignment suppressing price
- Key short entry already locked in: 0.07261-0.07285, stop loss only at 0.07390
- First target TP1 0.07185, risk-reward ratio over 2:1, time window is tonight
Discussion:
Will this SHORT hit TP1 0.07185 first, or will it fake out and rally to 0.07390 to stop you out?