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Don’t rush, DOGE bulls—trap signals have appeared on the 4-hour timeframe
$DOGE /USDT - Go short SHORT
Trading plan:
Entry: 0.0743 – 0.0745
SL: 0.0752
TP1: 0.0738
TP2: 0.0733
TP3: 0.0727
Why focus on this structure?
- Current DOGE is around 0.0744; the 1D trend is clearly downward. RSI on 15m is only 52.2, and the rebound has no strength.
- 4H EMA is arranged bearish; 1H ATR is only 0.000351. After volatility narrows, a breakdown is inevitable.
- 95% confidence in going short: entry at 0.0744, TP1 at 0.0738, SL at 0.0752, risk-reward 3:1.
Discussion:
Will this drop first to TP2 and then rebound, or will it directly squeeze the shorts upward?