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DOGE, this bearish move—95% win rate, do you dare to follow?
$DOGE /USDT - Sell SHORT
Trade plan:
Entry: 0.07211 – 0.07235
SL: 0.07337
TP1: 0.07137
TP2: 0.07080
TP3: 0.06995
Why focus on this structure?
- The 1-day trend is clearly bearish; the 4-hour EMA is showing obvious resistance. The rebound to 0.07223 is a classic bull trap.
- RSI on the 15-minute chart is 58.07, not oversold—bearish momentum is still building up.
- If you enter now, TP1 at 0.07137 only needs a 1.2% drop. The stop loss is tightly set at 0.07337, with a high risk/reward ratio.
Discussion:
Will this move hit TP2 at 0.07080 first, or will the bull trap push price through the stop loss? Which side are you on?