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How many hours are left in the final exit window for DOGE longs?
$DOGE /USDT - Sell SHORT
Trading plan:
Entry: 0.07203 – 0.07227
SL: 0.07327
TP1: 0.07131
TP2: 0.07076
TP3: 0.06992
Why focus on this structure?
- The 4H timeframe confirms a bearish trend, and the 1D trend has already turned bearish; with 95% confidence pointing to SHORT.
- Current price 0.07215, hugging the 1-hour EMA; RSI (15m) is only 52.52, and rebound momentum is weak.
- ATR (1h) = 0.000465; volatility is tightening, and a breakout is imminent. Why now? Downside room from TP1 = 0.07131 and TP2 = 0.07076 is far greater than the potential rebound.
- If the 1H close breaks below 0.07203, the bearish move will accelerate.
Discussion:
Will this move first reach TP2 and then bounce, or will it directly fake a long to sweep stops? Which side are you on?