$DOGE Dogs’ this pullback really hit the key level.
Momentum in the 1-hour timeframe is indeed on the weak side; the MACD dead cross is still moving through the negative bars.
But the higher-level trend hasn’t turned bearish yet—it’s just a short-term retracement within an ongoing uptrend. Unfortunately, longs are crowded in here; if weakness continues, volatility is likely to expand.
#doge
Momentum in the 1-hour timeframe is indeed on the weak side; the MACD dead cross is still moving through the negative bars.
But the higher-level trend hasn’t turned bearish yet—it’s just a short-term retracement within an ongoing uptrend. Unfortunately, longs are crowded in here; if weakness continues, volatility is likely to expand.
#doge
