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Is DOGE’s rebound just a trap for pumping longs?
$DOGE /USDT - Go SHORT
Trading plan:
Entry: 0.07242 – 0.07260
SL: 0.07339
TP1: 0.07185
TP2: 0.07141
TP3: 0.07075
Why focus on this structure?
The 4-hour EMA trend is clearly bearish, and the RSI on the 15-minute timeframe is only 59.57, indicating insufficient rebound momentum. Around 0.07251 is an excellent long trap for LONG, and the SHORT entry point is already in place. Why now? Because the daily timeframe bearish trend has not changed, and ATR shows low volatility, implying a low probability of a breakout.
Discussion:
Will this SHORT reach TP1 at 0.07185 first, or will it directly smash through TP2 at 0.07141?