Post
Bearish

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?

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DOGEDOGE-0.33%


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discovery
39 minutes ago
How much upside is left ?
0
discovery
39 minutes ago
First Review
Interesting 👀
0