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Are DOGE bulls still daydreaming about a rebound? The 4-hour shorts have already set a trap.
$DOGE /USDT - SHORT sell
Trading plan:
Entry: 0.07237 – 0.07251
SL: 0.07315
TP1: 0.07191
TP2: 0.07156
TP3: 0.07103
Why focus on this structure?
- The 1D trend is clearly bearish; the 4-hour EMA is suppressing price. RSI (15m) is only 49.64, and the rebound has no strength.
- Current price 0.07244 is tightly near the EMA; the short entry point is precise. TP1: 0.07191, TP2: 0.07156, with a risk-reward ratio above 2:1.
- If it breaks below 0.07237, it will accelerate down to 0.07103. The stop loss at 0.07315 is clear—risk is controllable.
Discussion:
Will this move hit TP2 first, or will it lure longs with a rebound before dropping? Drop your take in the comments!