Dogecoin ($DOGE) — Bearish Reversal Setup Forming

$DOGE may be gearing up for a downturn… here’s what to watch:

• Pattern Indicator: The “Three Inside Down” is a well-known bearish reversal candlestick pattern, typically appearing after an uptrend. It starts with a large bullish candle, followed by a smaller bearish candle contained within the first, and ends with a strong bearish candle that closes below the first candle’s low—signaling bulls fading and bears taking control.  

• Trading Strategy (If Observed on $DOGE Chart):

• Entry: Consider entering a short position once the third candle closes below the low of the initial bullish candle.

• Stop-Loss: Place above the high of the first candle to manage risk.

• Confirmation Boosters: Look for supporting signs such as increased volume on the third candle, bearish RSI or MACD divergence, or key resistance confluence.  

• Broader Technical Context: While a “Three Inside Down” setup offers a clear bearish signal, DOGE has recently shown mixed technicals. For instance:

• The Ichimoku indicator suggests a weak downtrend and consolidation in a triangle. 

• A broken triangle pattern could push DOGE lower toward a $0.17 target, based on trendline breakdowns. 

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$DOGE Warning: Three Inside Down Bearish Signal Forming

Keep an eye on $DOGE—if we see a large green candle immediately followed by a smaller red inside candle and then a strong bearish close below the first candle’s low, that would be a textbook Three Inside Down—a sign that bulls are losing momentum and the price could decline.

Confirmation with volume, RSI, or MACD would increase confidence. Given DOGE’s recent weak signals on the Ichimoku and broken triangle structure, follow-through downside could be realistic.

Are you expecting DOGE to retrace toward $0.17 or lower?

#DOGECOİN #DOGE #CryptoUpdate #CandlestickPattern #BearishSignal