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This DOGE rebound is a trap—the shorts are aiming at 0.07261.
$DOGE /USDT - SHORT sell
Trading plan:
Entry: 0.07250 – 0.07272
SL: 0.07366
TP1: 0.07182
TP2: 0.07130
TP3: 0.07051
Why focus on this setup?
- The 1-day trend is clearly bearish, and the 4-hour short signals have been activated.
- The 15-minute RSI is only 27.92: oversold, but not reversed—bearish momentum is still there.
- Entry reference is 0.07261; targets: TP1 0.07182, TP2 0.07130; stop-loss 0.07366.
- Why now? A low RSI low doesn’t mean a bottom—trend continuation has a higher probability, and the short timing is right.
Discussion:
Will this wave of shorts reach TP2 first, or will it be a stop-hunt followed by a rebound? What do you think?