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Is DOGE bulls still propping themselves up? The 4-hour short signals have already been locked in.
$DOGE /USDT - Short SHORT
Trading plan:
Entry: 0.07276 – 0.07302
SL: 0.07413
TP1: 0.07196
TP2: 0.07134
TP3: 0.07041
Why focus on this setup?
- RSI on the 15-minute chart is only 38.35; the bounce lacks strength, and bearish momentum is dominant.
- The 1-day trend is clearly bearish, with 95% confidence in the 4-hour short signals.
- Current price is 0.07289, sitting right under EMA pressure; the first downside target is TP1=0.07196.
- Why now? The 15-minute RSI hasn’t been oversold yet, and the shorts still have room; ATR shows volatility is moderate, suitable for entry.
Discussion:
Will this drop reach TP1 first, or will it do a pin-and-fake long run? Where are you setting your stop loss?