The Daily trend is bearish but is showing clear signs of momentum exhaustion, presenting a high-probability bullish reversal setup. While the price remains below the key daily EMAs, it is currently pressing against the lower Bollinger Band, signaling a statistically significant oversold condition ripe for a mean-reversion bounce. This is supported by a developing bullish divergence on the Daily RSI, where price has printed lower lows while the RSI has failed to do so, indicating that underlying buying pressure is quietly building.
The trigger for this trade is predicated on a shift in momentum on the lower timeframes. We are now watching for the 1H RSI to break and hold above the 50 centerline. A successful cross above 50 would confirm that short-term momentum has flipped from bearish to bullish, validating the higher-timeframe divergence and providing the catalyst for an entry. This move should coincide with price reclaiming the 1H 25-period EMA, which would solidify the structural shift and increase the probability of a sustained move towards higher resistance levels.
Actionable Setup Now (LONG)
Entry: market at 0.1308
TP1: 0.1377
TP2: 0.1525
TP3: 0.1733
SL: 0.1195
##USNonFarmPayrollReport #DOGE
DOGEUSDT
Perp
0.13171
+2.37%