Nobody is talking about $DOGE this week and honestly the chart explains it.
Since Oct 21 it's been lower highs the whole way, 0.083 down to 0.0712 now. The Nov 5 candle dropped it under 0.0722 and every bounce since has died right there. Volume is the lowest in a month, nobody even bothering to sell hard, just slow drip.
Both EMAs on the 4h pointing down, the 20 sitting around 0.0724 like a lid.
For me 0.0702 is the line. That's the Nov 5 wick and price came within a hair of it again today. Lose it on a 4h close and 0.068 is next.
I only care about the long side again if it gets back over 0.0722 and holds. Above 0.0748 the downtrend is actually broken.
Since Oct 21 it's been lower highs the whole way, 0.083 down to 0.0712 now. The Nov 5 candle dropped it under 0.0722 and every bounce since has died right there. Volume is the lowest in a month, nobody even bothering to sell hard, just slow drip.
Both EMAs on the 4h pointing down, the 20 sitting around 0.0724 like a lid.
For me 0.0702 is the line. That's the Nov 5 wick and price came within a hair of it again today. Lose it on a 4h close and 0.068 is next.
I only care about the long side again if it gets back over 0.0722 and holds. Above 0.0748 the downtrend is actually broken.
