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Is this the final frenzy for DOGE bulls?
$DOGE /USDT - Sell SHORT
Trading plan:
Entry: 0.07295 – 0.07321
SL: 0.07431
TP1: 0.07216
TP2: 0.07154
TP3: 0.07062
Why focus on this structure?
- The 4-hour timeframe trend is clearly bearish; the RSI on the 15-minute is only 48.19, and the rebound has no strength
- Around 0.07308 is a short-term resistance zone; TP1 points to 0.07216, with room of about 1.3%
- Why now? The daily line has bearish alignment, and the 1-hour EMA is suppressing price; a rebound is a good opportunity to short
Discussion:
Will this move first hit TP2 at 0.07154, or is it a rebound bull trap before getting dumped again?