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DOGE short signals are 95%. Is this time about to break below 0.07?
$DOGE /USDT - SHORT
Trading plan:
Entry: 0.07213 – 0.07229
SL: 0.07297
TP1: 0.07164
TP2: 0.07126
TP3: 0.07069
Why focus on this structure?
- On the 4-hour timeframe, shorts are dominant; on the 1-day chart, the trend is clearly bearish, with bearish EMA alignment. - RSI on the 15-minute timeframe is only 39.54, with weak momentum—rebounds lack strength. - ATR on the 1h timeframe is 0.000317, with moderate volatility, suitable for short-term trading. - Entry at 0.07221, TP1 target 0.07164, stop loss 0.07297, with a reward-to-risk ratio as high as 3.8 times.
Discussion:
Do you think this wave of DOGE bearish pressure can hit TP2 directly at 0.07126, or will it first fake a long and bounce up to 0.073?