$DOGE #GateHKEventsKickOff

4-Hour Chart Analysis – Direction

On the 4-hour timeframe, price is trading at 0.09779, below the SAR (0.10034) and the middle Bollinger Band (0.10008), confirming a clear downtrend. The lower band at 0.09764 is acting as immediate support, but the overall structure remains bearish as long as price holds below the SAR. A break below this support could accelerate selling toward the next major demand zone near 0.09179.

Direction: Bearish, with key resistance at the 4-hour middle band (0.10008) and SAR (0.10034).

1-Hour Chart – Liquidity High & Low

On the 1-hour chart, price is also below SAR (0.09911) and the middle band (0.09875), reinforcing the bearish bias. Liquidity pools are identified at:

· High liquidity: Recent swing highs and the upper Bollinger Band at 0.10054, with the daily high at 0.10229 serving as a major sell-side liquidity zone.
· Low liquidity: The daily low at 0.09681 and the lower Bollinger Band at 0.09696 represent areas where buy stops and support may be clustered. A break below 0.09681 would likely trigger further downside toward 0.09624.

These levels are critical for order flow and potential stop runs.

15-Minute Chart – Break of Structure / Change of Character

The 15-minute chart shows price below SAR (0.09833) and the middle band (0.09809), maintaining the bearish structure. Recent price action has formed lower highs (0.09924 → 0.09884 → 0.09807) and lower lows (0.09731 → 0.09681), confirming a downtrend.

· No break of structure (BOS) yet: Price has not taken out any significant swing high. A BOS would require a clean break above 0.09807 (the most recent lower high) or a sustained move above the 15-minute SAR.
· Change of character (CHoCH) would be signaled if price closes above 0.09833 (SAR) and the middle band, shifting momentum to bullish on this timeframe. Currently, no such signal exists.

5-Minute Chart – Trade Plan Execution

On the 5-minute chart, price is trading at 0.09787, above the SAR (0.09733) and the middle Bollinger Band (0.09777), indicating a short-term bullish bounce within the larger downtrend. This creates a potential counter-trend opportunity or a setup for a short at resistance.

Key Levels on 5M:

· Immediate resistance: 0.09807 (recent swing high and 15-minute middle band confluence)
· Next resistance: 0.09850 (upper Bollinger Band) and 0.09874
· Support: 0.09739 (recent low), 0.09712, and 0.09681 (daily low)

Trade Plan (Short Bias):
Given the bearish higher timeframes, we look to short on a rejection from resistance.

· Entry: Sell limit at 0.09810 (just above 0.09807 to confirm resistance) with confirmation via a bearish candlestick pattern (e.g., pin bar or engulfing) on the 5-minute chart.
· Stop Loss: Place at 0.09885 (above the next resistance level 0.09874 and the 15-minute SAR) to allow for volatility.
· Take Profit 1: 0.09740 (near 5-minute support)
· Take Profit 2: 0.09685 (just above daily low to capture liquidity sweep)
· Risk Management: Position size such that loss is ≤1% of capital.

Alternative Long Plan (if BOS occurs):
If price breaks and closes above 0.09810 with strong momentum, it could signal a change of character on the 15-minute. In that case, a long entry near 0.09820 with a stop at 0.09770 and target 0.09874 would be considered, but this is lower probability due to the bearish HTF context.

Execution: Monitor price action at 0.09807–0.09810. If a bearish reversal candle forms, enter short. If price slices through without hesitation, stand aside or adjust.