🐳 $DOGE Daily chart bullish crossover. Let’s look at it from a position-holder’s perspective:
The bearish momentum histogram has lasted for 6 consecutive daily candles, which means bears had the upper hand before. Now, selling pressure has finally eased. But it’s still below the zero line, and there are still plenty of trapped holders above, so a rebound into the previous high-volume trading zone could run into sellers looking to break even.
Feel free to share a different take in the comments.
#DOGE
The bearish momentum histogram has lasted for 6 consecutive daily candles, which means bears had the upper hand before. Now, selling pressure has finally eased. But it’s still below the zero line, and there are still plenty of trapped holders above, so a rebound into the previous high-volume trading zone could run into sellers looking to break even.
Feel free to share a different take in the comments.
#DOGE
