DOGEUSDT 4h · Quasimodo · short
WAITING FOR A RETURN TO QMLOpen · updated 06.10 20:00 UTC · forecast for DOGEUSDTTimeline
- 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.