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Crypto · price-structure setup

False breakout on Dogecoin

On Dogecoin the false breakout showed up 26 times. The target came first 62% of the time, the stop 27%, and 12% went nowhere within 12 candles.

Counted on Dogecoin (DOGE/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
4-hour580%20%0%
Hourly2157%29%14%

Dogecoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Dogecoin2662%27%12%
All Crypto charts52039%52%8%
Every market70339%53%8%

Year by year

YearFoundTarget firstStop first
2021425%50%
2023367%0%
2024875%25%
2025560%20%
2026450%50%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the false breakout is

Price broke above resistance, then fell straight back below it. A trap.

Imagine a jack-in-the-box that pops up, then gets pushed right back inside. A false breakout is when price breaks above a ceiling, then soon falls back below it. The buyers who jumped in on the breakout are now stuck.

The full false breakout lesson, video and quiz ›

Other patterns on Dogecoin

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile rejection · Volume profile bounce · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The false breakout elsewhere

Bitcoin · Chainlink · Uniswap · Polkadot · Aave · Cosmos · XRP · TRON · Stellar

Questions

How often does the false breakout work on Dogecoin?

In 26 cases on Dogecoin, the target (1.5 × ATR) came before the stop (1 × ATR) 62% of the time and the stop came first 27%; 12% went nowhere within 12 candles.

What is the false breakout?

Price broke above resistance, then fell straight back below it. A trap.