📉
/USDT: The "Fake Strength" Short Setup
Bias: Bearish (Structure Breakdown)
The 4H timeframe is currently hitting a wall. We’ve seen five straight sessions of red, and while there’s a minor attempt at a bounce, the overhead resistance is heavy. We are looking for a rejection at the decision point to confirm the next leg down.
⚡ The Trade Plan
Entry Zone: 0.0885 – 0.0900 (Wait for rejection candle)
Stop Loss (SL): 0.0925 (Protects against a fakeout above recent local highs)
Take Profit 1 (TP1): 0.0870 (Initial liquidity grab)
Take Profit 2 (TP2): 0.0850 (Major psychological support)
Take Profit 3 (TP3): 0.0800 (The February 6th low)
🧐 Why this setup?
Bearish Structure: $DOGE is trading well below its 50-day and 200-day EMAs. The trend is clearly favoring the bears.
RSI Room: The RSI on lower timeframes is sitting around 36. It’s weak but not yet "oversold," meaning there is still plenty of runway for a drop to 0.080.
The Pivot: If $DOGE manages to reclaim and hold above 0.099, the bearish bias is completely invalidated, and we may see a squeeze toward 0.11.
💬 The Big Debate
Is this a healthy pullback to 0.087 for a bounce, or does a failure here lead to a total collapse toward 0.05?
Nabiha Noor's View: The "strength" we see is purely speculative. Without a major catalyst, $DOGE is likely headed to retest the 2024 lows.
What’s your move? Are you shorting the trap or waiting for a reclaim?
👇 Drop your bias in the comments and follow for more sharp setups!