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How long can the DOGE bulls hold up?
$DOGE /USDT - SHORT (short position)
Trading plan:
Entry: 0.0721 – 0.0723
SL: 0.0730
TP1: 0.0716
TP2: 0.0712
TP3: 0.0706
Why focus on this structure?
On the 4-hour timeframe, the trend is clearly bearish, with EMA moving averages in a bearish arrangement. RSI on the 15-minute timeframe is only 46.7, showing weak rebound strength. ATR volatility is low, making it suitable for short-term pullback trades. Around 0.0722 is an ideal SHORT entry point; TP1 targets 0.0716, and TP2 looks at 0.0712.
Discussion:
Will this leg hit TP2 first, or will it be a fake breakdown that lures longs?