Dogecoin / TetherUS

DOGEUSDT – Descending Triangle Breakout with ABCD Mapping

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I’ve been tracking DOGEUSDT on the 30m chart using an ABCD point layout to outline a descending triangle pattern.

A → C → D: Lower highs consistently respecting the downtrend line.

B & D zone (~0.2200): Flat base support forming the triangle floor.

Price has now broken above the descending trendline with a noticeable spike in volume, indicating that buyers stepped in aggressively to break the pattern.

Why This Matters:
Volume was relatively muted during the consolidation phase inside the triangle, which is normal for this type of setup. However, at the breakout candle, volume surged — confirming that the move was not just a false breakout but backed by real market participation.

Trade Plan:

Entry Zone: Above 0.2270 (confirmed breakout)

First Target: 0.2300

Second Target: 0.2430 (measured move from triangle height)

Stop Loss: Below 0.2200 (pattern invalidation)

Notes:
While descending triangles often break downward, this setup shows bullish divergence between price action and volume — suggesting that the market may be preparing for a sustained upside move.

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