$DOGE: A weak bounce—the biggest risk is chasing halfway up
Trading was quiet, yet the close was near the lows, pointing to short-term weakness. Volume was clearly below normal, and the price still didn’t move far from the bottom of its range. The selling wasn’t intense, but that doesn’t mean the decline is nearly over.
That’s what makes this grind so frustrating. Chasing a short near the lows isn’t worthwhile; the opportunity comes after a bounce hits resistance overhead and then pulls back. Watch the resistance level next: can the price close above it and hold, or will it retreat as soon as it gets there?
Intraday checklist:
Trigger｜0.07882
Invalidation｜0.0792957
First target｜0.0778686
If the conditions don’t appear, there’s no trade.
#MemeCoins
Trading was quiet, yet the close was near the lows, pointing to short-term weakness. Volume was clearly below normal, and the price still didn’t move far from the bottom of its range. The selling wasn’t intense, but that doesn’t mean the decline is nearly over.
That’s what makes this grind so frustrating. Chasing a short near the lows isn’t worthwhile; the opportunity comes after a bounce hits resistance overhead and then pulls back. Watch the resistance level next: can the price close above it and hold, or will it retreat as soon as it gets there?
Intraday checklist:
Trigger｜0.07882
Invalidation｜0.0792957
First target｜0.0778686
If the conditions don’t appear, there’s no trade.
#MemeCoins