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!
Сделка активна
Trade is active and in profit, wait for the final TP.Сделка закрыта: достигнута стоп-лосс цена
SL Hit
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.