DOGE bulls beware—an intraday short trap on the 4-hour timeframe is starting to form.



$DOGE /USDT - SHORT (sell)

Trading plan:
Entry: 0.07389 – 0.07419
SL: 0.07548
TP1: 0.07296
TP2: 0.07224
TP3: 0.07116

Why focus on this structure?
- Current price is 0.07404; RSI (15m) is only 48.58, momentum is weak, and it hasn’t reached the oversold zone yet.
- The 1D trend is clearly bearish; ATR (1h) is only 0.000601, volatility is tightening, and a breakout is imminent.
- Why now? SHORT signal confidence is 95%. If it breaks below 0.07389, TP1 at 0.07296 is the first step, and TP2 at 0.07224 is closer.
- The EMA support has failed; shorts are in control, and the risk of a long squeeze is high.

Discussion:
Will this move first hit TP2, or is it a fake-out and then a pullback to stop-loss at 0.07548?
DOGE-0.48%
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