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Where is the last line of defense for DOGE bulls?
$DOGE /USDT - short SHORT
Trading plan:
Entry: 0.07203 – 0.07229
SL: 0.07340
TP1: 0.07123
TP2: 0.07061
TP3: 0.06969
Why focus on this structure?
On the 4-hour timeframe, the trend is clearly bearish. The 15-minute RSI is only 41.96, and momentum is weak. The current price of 0.07216 is near the EMA resistance zone. ATR is just 0.000515, indicating volatility is narrowing, which is suitable for betting on a short-term decline. Why now? Because a bearish signal with 95% confidence has been activated. TP1 is at 0.07123, and the risk-reward ratio is over 2x.
Discussion:
Will this move reach TP2 at 0.07061 first, or will it trigger a bear-fakeout and bounce?