Usman Salis
⬤ Dogecoin followed through on a bear flag pattern on the 4-hour chart, reaching its projected downside target as technical analysts had anticipated. The price action played out according to the textbook setup.
⬤ DOGE broke through the pattern's lower boundary and pushed slightly beyond the $0.09 measured move level. This brief overshoot completed the bearish continuation structure that had been building.
⬤ The bounce came fast after DOGE touched the target zone. This immediate reaction at the projected level showed strong buying interest right where the pattern completion occurred.
⬤ This price behavior fits the classic playbook—hit the calculated target, push a bit past it, then snap back once traders recognize the objective's been met and start taking profits on their short positions.
Usman Salis
