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Is DOGE bulls’ final frenzy here? The 4-hour signal has turned bearish
$DOGE /USDT - Short SHORT
Trading plan:
Entry: 0.07503 – 0.07523
SL: 0.07611
TP1: 0.07440
TP2: 0.07391
TP3: 0.07317
Why focus on this structure?
- The 1-day trend is clearly bearish; the 4-hour EMA bearish alignment suppresses rebounds.
- RSI (15m) is only 57.7; momentum is weak, and the rebound lacks the strength to break through the 0.07523 resistance.
- ATR (1h) is just 0.000408; volatility has narrowed, which is usually a sign before a big drop.
- Current price is 0.07513, only 1.3% away from SL 0.07611; the risk-reward ratio is excellent.
Discussion:
Will this SHORT reach TP1 at 0.07440 first, or will it spike down to sweep the stop loss and then drop further?