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Why is everyone ignoring the range-bound trap forming in DOGE right now?
$DOGE /USDT - SHORT
Trade Plan:
Entry: 0.08422 – 0.08446
SL: 0.08546
TP1: 0.08350
TP2: 0.08294
TP3: 0.08210
Why this setup?
Why now? The daily trend is range, but the 1h ATR of 0.000467 shows volatility compressing, setting up for a directional break. The 15m RSI sitting at 64.51 indicates momentum is still leaning bullish within the range, creating a false sense of security for longs. With the 1h price pinned at 0.08434, the entry zone between 0.08422 and 0.08446 offers a precise short setup against the range high. Target TP1 at 0.08350 and TP2 at 0.08294 capture the range floor, while TP3 at 0.08210 extends the move. The invalidation level of 0.08646 is the hard line in the sand that proves the range has broken.
Debate:
Are you fading the range or getting trapped long above 0.08646?
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.