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DOGE this bearish candle—warning of a crash or just a shakeout?
$DOGE /USDT - go short SHORT
Trading plan:
Entry: 0.07235 – 0.07249
SL: 0.07311
TP1: 0.07190
TP2: 0.07155
TP3: 0.07103
Why focus on this setup?
- On the 4-hour timeframe, it’s clearly bearish; the daily trend has already turned bearish, and an EMA death cross is about to happen.
- RSI on the 15-minute timeframe is only 52.86; the rebound lacks strength, and bullish momentum is exhausted.
- The current price 0.07242 is tightly under EMA pressure; below, TP1 = 0.07190, and the downside path is clear.
- Why now? If 0.07235 support breaks, it accelerates—missing it and waiting for a rebound to short.
Discussion:
Will this SHORT hit TP1 first, or will it dip straight into TP2 and then bounce?