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Man, I really thought $DOGE was about to roll over and die at 0.089, but something changed in the last few hours.
Looking at this 1D chart, we are basically stuck in a boring range between 0.092 and 0.097. Every time it tries to break out, it gets smacked back down, but the bulls are clearly defending that 0.093 level pretty hard right now.
The order book is showing more sell pressure (60%) than buys, which usually means a fakeout is coming or we need more volume to actually clear these overhead levels.
I’m watching that 0.09550 high from today. If we can close a candle above that, we might actually see 0.10 again. If not, expect another slow bleed back to the support.
Staying patient for now. Trading in the middle of a range is a great way to lose money.
What are you guys seeing? Trap or pump?
#WCTCTradingChallengeShare8MUSDT