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DOGE bulls struggle at 0.07386, and a 95% probability SHORT signal has been triggered
$DOGE /USDT - SHORT
Trading plan:
Entry: 0.07360 – 0.07386
SL: 0.07497
TP1: 0.07280
TP2: 0.07218
TP3: 0.07124
Why focus on this structure?
- The 4-hour timeframe trend is clearly bearish; the RSI on 15m is only 59.6, and the rebound lacks strength.
- The current price is right at the entry range 0.07360–0.07386, which is the window to set up a SHORT.
- The stop loss is only 0.07497, with risk under control; TP1 targets 0.07280, for a risk-reward ratio of over 2:1.
Discussion:
Do you think 0.07386 is a bull trap, or the starting point for a rebound?