DOGEUSDT 1h · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:00 UTC · forecast for DOGEUSDTTimeline
- Liquidity formed: local low 0.09265 (left shoulder)
- Structural high 0.09312 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 0.09246 confirmed
- CHoCH: close above the structural high 0.09312. Quasimodo confirmed
- Price is approaching QML
Why this setup was found
First the market formed a local low 0.09265 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 0.09246, which is 0.0001900 (0.37 ATR) below the left shoulder.
Then price closed above the previous structural high 0.09312 (close 0.09342). This is a bullish CHoCH: a change of market character.
The left shoulder zone (0.09265–0.09289) became the QML level: price often returns here before continuing the move.
A fresh bullish order block overlaps QML by 17%: big players already built positions in this zone.
There were equal lows nearby: they were what price hunted.
Structure on 4h: bullish (supports the idea).
On the break candle the aggressive flow went against the break (48% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.