Based on the chart you've shared (Dogecoin/USDT on the 4h timeframe), here’s a quick technical analysis summary to guide your decision:
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📊 Chart Key Observations:
1. Price: Currently at $0.20385, down -3.11%.
2. Market Structure:
BOS (Break of Structure) occurred on the downside, signaling a bearish shift.
The price is below equilibrium and below PDH (Previous Day High).
CHoCH (Change of Character) occurred earlier, indicating prior trend reversal.
3. Liquidity Zones:
Above: Liquidity rests around $0.24–$0.28.
Below: There’s still potential liquidity around PDL/PWL, especially around $0.18–$0.19.
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🧠 Interpretation:
Current price is near a resistance zone (PDH & Equilibrium).
Downward BOS suggests a bearish intent unless bulls reclaim above equilibrium.
Volume is not showing aggressive buying yet.
It looks like the market may be hunting liquidity below the current level.
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📉 Bias: SELL (Short-Term)
Scalp/Day Trade Idea: Look for a short entry near PDH with a target near PDL/PWL ($0.185–$0.190).
Invalidation (Stop Loss): If price closes above equilibrium and reclaims $0.22+, that would invalidate the bearish setup.
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Would you like a scalp setup or swing plan for this move?
