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Is DOGE’s rebound just a liquidity trap to lure longs?
$DOGE /USDT - Go SHORT
Trading plan:
Entry: 0.07261 – 0.07275
SL: 0.07332
TP1: 0.07220
TP2: 0.07188
TP3: 0.07140
Why focus on this structure?
- 4-hour EMA bearish alignment; the daily trend is clearly bearish—95% confidence points to SHORT.
- RSI on the 15-minute chart is 60.54; after a short-term overbought condition, downside pullback pressure is high.
- Key resistance at 0.07268; if it can’t hold above it, it will probe down to TP1 0.07220.
- Why now? RSI is dropping + trend alignment resonance; the short window is open.
Discussion:
For this move, should we short first to TP2 0.07188, or will it V-reverse and rip through the shorts?