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Is DOGE’s rebound just a trap?
$DOGE /USDT - SHORT the position
Trading plan:
Entry: 0.07292 – 0.07316
SL: 0.07423
TP1: 0.07215
TP2: 0.07156
TP3: 0.07067
Why focus on this structure?
- The 4-hour EMA is stacked bearish, and the 1D trend is clearly bearish. After rebounding to 0.07304, it met resistance.
- RSI on the 15-minute timeframe is only 41.93, with insufficient momentum—bears are in control.
- Why now? The current price is testing short-term resistance. If it can’t break above 0.07415, it will likely continue falling to TP1 0.07215.
Discussion:
Will this SHORT directly break through TP2 0.07156, or will it first lure longs and then kill?