Technical analysis by PraveenTrader1 about Symbol DOGE: Sell recommendation (5/20/2025)

DOGE is currently forming a symmetrical triangle pattern on the 15-minute timeframe, indicating compression and a potential breakout soon. Market structure shows clear signs of bearish momentum.🔹 Smart Money Insights:✅ Bearish CHoCH indicates a market structure shift to the downside.✅ Break of Structure (BoS) confirms bearish continuation.📉 Price is respecting the descending trendline and creating lower highs.🟫 Two major Bearish Order Blocks identified:OB #1: 0.22651 – 0.22804 ✅OB #2: 0.23155 – 0.23576 ❌ (farther, may act as mitigation zone if price breaks above the first)🔹 Current Setup:Price is approaching the first bearish OB, aligning with the descending trendline and EMAs, making it a strong confluence zone for a potential reversal.📌 Trade Setup:Entry: 0.22652Stop Loss: 0.22815Take Profit: 0.21757Risk-to-Reward Ratio (RRR): ~5.4R+🧠 Idea: If price taps into the OB and rejects with bearish confirmation, this setup could offer a clean short opportunity with high RRR. A break below the triangle support could further accelerate downside movement.trade closed.