DOGEUSDT has initiated a clean corrective structure following the creation of a bearish flag. The breakdown from the flag triggered a strong downward leg, confirming the shift in momentum and validating the continuation pattern. At the moment, the market is trading below the breakout zone, and further price development is expected to unfold through a relief rally.
The immediate plan is to monitor a pullback toward the minimum bearish flag targets around the $0.12 region, which aligns with the former structure support and breakout zone. This area is likely to serve as supply on the retest, where rejection is anticipated to resume the broader corrective move.
The final downside target has been mapped on the chart, and the price action will remain bearish as long as market structure continues to respect the breakdown level.
The immediate plan is to monitor a pullback toward the minimum bearish flag targets around the $0.12 region, which aligns with the former structure support and breakout zone. This area is likely to serve as supply on the retest, where rejection is anticipated to resume the broader corrective move.
The final downside target has been mapped on the chart, and the price action will remain bearish as long as market structure continues to respect the breakdown level.
Trade active
Price bouncing off the support zone as projected. Let's see how far this can hold.
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📢 Follow Only Official Links – Trade Smart, Stay Safe
🔹 Main Channel: t.me/+m0IACMn0ul03OTFk
🔹 Forex Zone: t.me/+piiPgrNtrulkNDk0
📩 For Promotions, Advertisements & Partnerships: @WESLAD
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🔹 Forex Zone: t.me/+piiPgrNtrulkNDk0
📩 For Promotions, Advertisements & Partnerships: @WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.