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Is this DOGE rally just a bull trap?
$DOGE /USDT - SHORT
Trading Plan:
Entry: 0.07476 – 0.07510
SL: 0.07661
TP1: 0.07367
TP2: 0.07283
TP3: 0.07157
Why focus on this structure?
- 1D trend clearly bearish, 4H level SHORT signal, 95% confidence.
- 15m RSI is only 52.74, weak rebound momentum, obvious EMA resistance.
- Entry around 0.07493, TP1 0.07367, TP2 0.07283, stop-loss 0.07661.
- Why now? Rebound to resistance zone, bearish structure unbroken, exactly the entry point in line with the trend.
Discussion:
Will this move reach TP2 first, or is it a bull trap?