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DOGE bulls' last revelry? 4H RSI has turned bearish
$DOGE /USDT - SHORT
Trading Plan:
Entry: 0.07383 – 0.07407
SL: 0.07509
TP1: 0.07310
TP2: 0.07253
TP3: 0.07167
Why pay attention to this structure?
- 1D trend clearly bearish, 4H EMA death cross imminent
- 15-min RSI 61.07, bounce already near overbought zone, momentum fading
- Current price around 0.07395, precisely the 4H bearish resistance level, risk-reward 1:3
Discussion:
For this SHORT, do we first look at TP1 0.07310, or directly spike to TP2 0.07253?