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Are DOGE longs still waiting for a rebound? This set of data has already turned red.
$DOGE /USDT - Short (Sell)
Trading plan:
Entry: 0.07198 – 0.07216
SL: 0.07291
TP1: 0.07144
TP2: 0.07102
TP3: 0.07039
Why focus on this structure?
- The daily trend is clearly bearish; the 4-hour SHORT signal has been activated, confidence 95%.
- The current price 0.07207 is sitting right under EMA resistance; the RSI (15m) is only 43.94, so rebounds lack strength.
- Why now? The shorts are already aiming at TP1=0.07144; if it breaks, TP2=0.07102 is only a matter of time.
- SL at 0.07291; the risk-reward ratio is close to 1:3, so the risk for entering now is manageable.
Discussion:
Do you think this move will reach TP2 first and then rebound, or will it directly spike upward to bait longs?