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DOGE bulls, take note: the 4-hour timeframe has turned red
$DOGE /USDT - go short SHORT
Trading plan:
Entry: 0.07353 – 0.07375
SL: 0.07474
TP1: 0.07282
TP2: 0.07227
TP3: 0.07145
Why focus on this structure?
- RSI on the 15-minute chart is only 18.81; extremely oversold, but the 1D trend is clearly bearish.
- Current price at 0.07364 is sitting right under EMA pressure; if it bounces, that’s the short entry point.
- ATR on the 1h chart is only 0.000457; volatility contraction suggests a breakout is imminent, with a downward bias.
- Why now? Oversold bounces lack strength, and the shorts may accelerate at any time.
Discussion:
Will this drop directly break TP1 at 0.07282, or first bounce to lure longs before getting smashed again?