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DOGE on the 4-hour timeframe is at 0.0755—who is secretly shorting?
$DOGE /USDT - SHORT to short
Trading plan:
Entry: 0.0754 – 0.0756
SL: 0.0768
TP1: 0.0746
TP2: 0.0739
TP3: 0.0730
Why pay attention to this structure?
- Trend: The 1-day chart is bearish, and the 4-hour direction is clearly bearish.
- Now: 15-minute RSI is at 77.74, short-term overheated, with strong pullback pressure.
- Why now? EMA suppression + RSI overbought, and 0.0755 is the short entry point.
- TP1: 0.0746, TP2: 0.0739, SL: 0.0768.
Discussion:
If we short at 0.0755, will this move hit TP1 first, or will it go straight to SL?