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How much confidence do DOGE bulls still have? The 4-hour RSI has fallen below 32.
$DOGE /USDT - SHORT to go short
Trading plan:
Entry: 0.07295 – 0.07321
SL: 0.07434
TP1: 0.07213
TP2: 0.07150
TP3: 0.07055
Why focus on this setup?
- The 1-day trend is clearly bearish, and the 4-hour SHORT signal confidence is 95%.
- The 15-minute RSI is only 31.68; it’s near oversold but hasn’t reversed—selling pressure on any rebound.
- 1-hour ATR is 0.000527, volatility is compressing; it only gets invalidated after breaking above the prior high of 0.07489.
- Around 0.07308 now, TP1 at 0.07213, TP2 at 0.07150, with a reasonable risk-reward ratio.
Discussion:
Will we hit TP2 first, or will a bull trap pull price back to 0.074? Which side are you on?