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DOGE bulls beware, a 4-hour bear trap has been set
$DOGE /USDT - SHORT
Trading Plan:
Entry: 0.07386 – 0.07422
SL: 0.07577
TP1: 0.07275
TP2: 0.07188
TP3: 0.07059
Why focus on this structure?
- RSI 15-minute only 38.84, weak rebound, bearish momentum not yet exhausted
- 1-day trend clearly bearish, under EMA suppression, any bounce is a shorting opportunity
- Currently around 0.07404, TP1 0.07275, TP3 0.07059, risk-reward ratio over 2:1
Discussion:
Do you think DOGE will hit TP1 at 0.07275 first, or break directly below 0.07059?