Last night I drew two switch levels for $DOGE: if it falls back into that gap line, then this move during the day is just a false move. If it reaches 0.1059, then the pullback counts as the complete flip. At that time it was quoting 0.0998.
24 hours have passed, and none of them has triggered.
Let me walk you through it: this morning the high hit 0.1044, just one step away from the flip line. It pulled back; this afternoon the low touched 0.0984—note that it never returned into that gap line, and it didn’t hit the boundary either. Now it’s at 0.0997, still hovering in place.
But there’s one change worth noting: the low point lifted from 0.0972 to 0.0984, while the high point was capped down from 0.1059 to 0.1044. The intraday range narrowed from 9% to 6%. The market is tightening up. In a tightening pattern like this, it usually can’t last long; the moment it chooses a side is closer than yesterday.
My previous judgment remains unchanged: as long as the breakdown hasn’t happened, this is still consolidation within strength. When to make a breakout and which side to choose—the market will toggle the switch on its own; I don’t need to guess.
This isn’t just hindsight either—two switches were written in stone in the post last night, and there’s evidence to verify it. If the switches move next time, I’ll comment on the outcome then.