Dogecoin is entering a pivotal phase as its price action tightens within a symmetrical triangle, aligning with a high-timeframe Wyckoff setup. The combination of higher lows, compressed structure, and developing Wyckoff signals suggests growing strength beneath the surface, raising the possibility that DOGE is quietly preparing for its next major move.

MTF Range Strategy: Longs At Discount, Shorts At Premium

According to an update by  Wyckoff Insider via the lens of a multi-timeframe (MTF) range, the focus is on seeking long positions in areas of extreme discount and short positions in areas of extreme premium. When an MTF range is present, it often develops a Wyckoff structure near both the range highs and lows, providing clearer points of interest for traders.

Dogecoin is currently forming an 8H Bojan pivot in the extreme discount zone of this MTF range. The key to trading a Bojan pivot is identifying the Sign of Strength (SOS) that forms on the third candle. Bitcoin displayed a similar 8H Bojan recently, but trading it was more challenging due to deviations on both sides of the range, making DOGE difficult to trade also.

On the lower timeframes, Dogecoin is also showing a Wyckoff Model 1 range. When the third candle opens, and price pulls down, traders look for an LPS, BOS, and internal BOS pattern. Valid entries include taking the breakout on the 3-minute BOS with a stop below the M1 low, or entering on the LPS after the internal BOS, with a stop placed beneath the LPS itself.

In terms of trade management, Wyckoff Insider outlines a clear plan: risk should be kept at 2% per setup, with TP1 at the Wyckoff target zone (40%), and TP2 at the first range supply, fully closing the trade once a Sign of Weakness (SOW) appears. This structured approach helps navigate DOGE’s multi-layered Wyckoff-driven price action with discipline and clarity.

Daily Structure Shows Strength Despite Downtrend

Trader Tardigrade revealed that the daily chart provides clear indications that Dogecoin is actively building a stronger market structure despite the recent overall downtrend. This strength is apparent when comparing the current price action to past cycles.

Historically, when the broader market is weak, DOGE typically reinforces its bearish trend by forming lower lows following a distinct new swing low. However, in a significant departure from this pattern, DOGE is now attempting to establish a higher lows structure within a symmetrical triangle pattern.

This formation is key, as the analyst suggests the symmetrical triangle structure indicates that Dogecoin has been rejected from trading further downward. Such a development signals that selling exhaustion is setting in, preparing the market for a potential directional breakout.

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EXECUTIVE SUMMARY:

In a landmark case, a judge dismissed most of the charges against the SolarWinds software company and its CISO, Timothy Brown.

On July 18^th, U.S. District Judge Paul Engelmayer stated that the majority of government charges against SolarWinds “impermissibly rely on hindsight and speculation.”

The singular SEC allegation that the judge considered credible concerns the failure of controls embedded in SolarWinds products.

For its part, SolarWinds has consistently maintained that the SEC’s allegations were fundamentally flawed, outside of its area of expertise, and a ‘trick’ designed to allow for a rewrite of the law.

Why it matters

For some time, the SEC has pursued new policies intended to hold businesses accountable for cyber security practices; an understandable and reasonable objective.

In this instance, the SEC said that claims made to investors in regards to cyber security practices had been misleading and false – across a three year period.

The SEC’s indictment also mentioned falsified reports on internal controls, incomplete disclosure of the cyber attack, negligence around “red flags” and existing risks, and more.

But what caught the attention of many in the cyber security community was that, in an unprecedented maneuver, the SEC aimed to hold CISO Timothy Brown personally liable.

This case has been closely watched among cyber security professionals and was widely seen as precedent-setting for future potential software supply chain attack events.

Timothy Brown’s clearance

In the end, the court ruling does not hold CISO Timothy Brown personally liable for the breach.

“Holding CISOs personally liable, especially those CISOs that do not hold a position on the executive committee, is deeply flawed and would have set a precedent that would be counterproductive and weaken the security posture of organizations,” says Fred Kwong, Ph.D, vice president and CISO of DeVry University.

Despite the fact that this court ruling may loosen some CISO constraints, “you need to be honest about your security posture,” says Kwong.

The remaining claim against the company, which will be scrutinized further in court, indicates that there is a basis on which to conclude that CISOs do have certain disclosure obligations under the federal securities laws.

Further details

The SolarWinds incident, as its come to be known, has cost SolarWinds tens of millions of dollars. In 2023, the company settled a shareholder lawsuit to the tune of $26 million.

A spokesperson for SolarWinds has stated that the company is “pleased” with Judge Engelmayer’s decision to dismiss most of the SEC’s claims. The company plans to demonstrate why the remaining claim is “factually inaccurate” at the next opportunity.

For expert insights into and analyses of the SolarWinds case, please see CyberTalk.org’s past coverage. Lastly, to receive cyber security thought leadership articles, groundbreaking research and emerging threat analyses each week, subscribe to the CyberTalk.org newsletter.

The post SEC charges against SolarWinds largely dismissed appeared first on CyberTalk.