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DOGE longs’ last chance? RSI exposes a deadly signal!
$DOGE /USDT - SHORT
Trading plan:
Entry: 0.07261 – 0.07285
SL: 0.07391
TP1: 0.07184
TP2: 0.07125
TP3: 0.07036
Why focus on this setup?
- On the 4H timeframe the trend is clearly bearish, and the 1D bear structure hasn’t been broken; DOGE’s rebound to 0.07273 is a typical bull trap.
- RSI on 15m is already at 60.57, in the overbought zone, together with EMA suppression—shorts can go at any moment.
- Waiting for the entry now: TP1 at 0.07184 is right in front of you—why now? Because the rebound momentum is fading, and a reversal is imminent.
Discussion:
Will this drop first hit TP2 at 0.07125, or is it going to fake a breakout and pull back? Dare to show your direction?