NOVICE idea not Financial advice. Possible DOGE bearflag?

6 maj 2021

I'm new to identifying bearflags and tried to set this up to see if it works. Any advice or correction is much appreciated and welcome.As I'm unsure of the setup, most bearflags I've seen come down into the channel, consolidate before breakdown. Can they wick down into a channel, consolidate and be a bear flag. I'm unsure. Just gonna see how this playsout

6 maj 2021

Uwaga

I also believe that large volumes of DOGE buys have kept it afloat in this area against large sell pressure from .69. But so far it was rejected at lower trend line and did not break out of the triangle.

6 maj 2021

Transakcja zamknięta: osiągnięto wyznaczony cel

SHORT setup Entry: .69 - CLOSED - .54

Setup confirmed. Breakdown to the bottom of the triangle. Closing because the DOGE market is a little irrational, lots of buy orders propping up that retrace.