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DOGE bulls are holding on at 0.0722, but 95% probability is a trap.
$DOGE /USDT - SHORT
Trading plan:
Entry: 0.0721 – 0.0723
SL: 0.0735
TP1: 0.0712
TP2: 0.0706
TP3: 0.0696
Why focus on this structure?
- The 1D trend is clearly bearish, with 4H-level EMA bearish alignment—any rebound is just a wick.
- RSI on the 15-minute chart is 59.86; it hasn’t hit overbought, but it’s close to resistance, and short-term momentum is weak.
- Why now? ATR is only 0.00054. After volatility contraction, a direction is required, and the SHORT has better odds.
Discussion:
In this move at 0.0722, are you betting on a bounce to TP2, or waiting for a breakdown below 0.0712?