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DOGE 4-hour chart shows a death signal out of the blue—will the bears crush it soon?
$DOGE /USDT - Short (SHORT)
Trading plan:
Entry: 0.07401 – 0.07427
SL: 0.07540
TP1: 0.07320
TP2: 0.07257
TP3: 0.07163
Why focus on this structure?
- 95% confidence SHORT, bearish EMA alignment, and the 1D trend is clearly downward.
- RSI on the 15m is only 53—bounces lack strength, and a bearish comeback can appear at any time.
- Current price 0.07414; TP1 at 0.07320 is just 1.3% away, with a risk-reward ratio of 2:1.
Discussion:
Will this move first hit TP2 at 0.07257, or will it bait an upside dip to 0.07495 before falling again?