DOGE Bearish Setup in Progress |AB=CD Pattern+Bearish Divergence
Hey Traders!
#DOGE/USDT is currently showing signs of a bearish continuation on the 1H timeframe 📉. Here's why I'm watching this closely:
🔹 AB=CD Harmonic Pattern:
The AB leg is already complete, and the price action is now progressing toward forming the CD leg — a classic harmonic setup suggesting further downside.
🔹 Bearish Divergence on RSI:
While the price made a higher high, RSI failed to confirm — signaling weakening momentum and potential reversal ahead.
🔹 Key Support Level in Focus:
I’m watching the previous minor support zone for confirmation. If price breaks and retests this level, it could be a great entry point for a short trade with solid risk-reward.
📌 Trade Plan:
✅ Wait for confirmation below support
✅ Look for bearish candlestick patterns or breakdown
✅ Enter short with proper risk management (SL just above local highs)
💬 What do you think about this setup? Are you already short on #DOGE or waiting for more confirmation? Drop your thoughts below 👇 and let’s discuss!
If you find this analysis helpful, don’t forget to:
👍 Like
💬 Comment
🔁 Share
📥 Follow for more high-probability setups!
#DOGE/USDT is currently showing signs of a bearish continuation on the 1H timeframe 📉. Here's why I'm watching this closely:
🔹 AB=CD Harmonic Pattern:
The AB leg is already complete, and the price action is now progressing toward forming the CD leg — a classic harmonic setup suggesting further downside.
🔹 Bearish Divergence on RSI:
While the price made a higher high, RSI failed to confirm — signaling weakening momentum and potential reversal ahead.
🔹 Key Support Level in Focus:
I’m watching the previous minor support zone for confirmation. If price breaks and retests this level, it could be a great entry point for a short trade with solid risk-reward.
📌 Trade Plan:
✅ Wait for confirmation below support
✅ Look for bearish candlestick patterns or breakdown
✅ Enter short with proper risk management (SL just above local highs)
💬 What do you think about this setup? Are you already short on #DOGE or waiting for more confirmation? Drop your thoughts below 👇 and let’s discuss!
If you find this analysis helpful, don’t forget to:
👍 Like
💬 Comment
🔁 Share
📥 Follow for more high-probability setups!
Giao dịch đang hoạt động
Trade is active and in profit, wait for the final TP.Đóng lệnh: dừng lỗ
SL Hit
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.