According to @TATrader_Alan, Dogecoin (DOGE) has closed its monthly candle with a third consecutive bullish engulfing pattern, a technical signal that historically indicates strong upward momentum for traders. This pattern is often interpreted as a shift in market sentiment from bearish to bullish, potentially attracting increased buying interest in DOGE. Traders may view this development as a significant bullish indicator for short- and medium-term trading strategies. Source: @TATrader_Alan

According to Liquidity Doctor (@doctortraderr), recent observations indicate that market makers (MMs) frequently manipulate price action by using bullish and bearish engulfing candles to mislead retail traders. When retail traders spot a bullish engulfing candle and enter long positions, MMs often reverse the price direction, resulting in quick losses for those traders (source: @doctortraderr, Twitter, May 18, 2025). This highlights the importance for crypto traders to avoid relying solely on engulfing candle signals and instead consider broader market context, liquidity zones, and order flow analysis to prevent falling into market maker traps.