OrderBlock.net

DOGEUSDT 4h · Quasimodo · short

WAITING FOR A RETURN TO QMLOpen · updated 06.10 16:00 UTC · forecast for DOGEUSDT
QML (entry zone)Tap the markers for explanations · time in UTC · delta and CVD below

Timeline

  • Liquidity formed: local high 0.09868 (left shoulder)
  • Structural low 0.09524 confirmed
  • Price took out the liquidity beyond the left shoulder
  • Head 0.09892 confirmed
  • CHoCH: close below the structural low 0.09524. Quasimodo confirmed

Why this setup was found

First the market formed a local high 0.09868 (left shoulder). Stop orders piled up above it, that is, liquidity.

Then price took that liquidity: the head reached 0.09892, which is 0.0002400 (0.10 ATR) above the left shoulder.

Then price closed below the previous structural low 0.09524 (close 0.09402). This is a bearish CHoCH: a change of market character.

The left shoulder zone (0.09863–0.09868) became the QML level: price often returns here before continuing the move.

There were equal highs nearby: they were what price hunted.

Structure on 1d: bullish (against this idea).

On the break candle aggressive sellers dominated (56% of volume).

Now: waiting for price to return to QML.

This is a scenario built from market data, not a guarantee of the result.

Confirmations and contradictions

Liquidity takenConfirmation
Equal highsConfirmation
Change of character (CHoCH)Confirmation
QML not touched yetConfirmation
1d: structure is bullishAgainst
Delta confirms the breakConfirmation
CVD divergence at the headConfirmation
Absorption at QMLUnknown
Footprint (from trades)Unknown