$DOGE: decline after a bounce into resistance
DOGE maintains a downward structure: each bounce ends lower, and former support has become resistance. Oversold conditions allow for a sharp rebound, so we’re waiting for the price to return to the selling zone.
We’re watching sellers’ reaction in the broader $0.0665–0.0768 area. The nearer zone is $0.0665–0.0695, with $0.0711–0.0768 above it. The basis for entry is a failure to continue rising and a move back below the tested level. A mere touch of the zone is not considered a signal.
Once the decline is confirmed, the nearest target is $0.0630. Next, we’re looking at $0.0600 and the $0.0570–0.0575 area. The price had already reached the nearest target before this scenario was prepared; it will become a new trade target only after a new confirmed entry from resistance.
A move back above $0.0695 and holding there would weaken selling from the nearer zone. A sustained recovery above $0.0768 on the 8-hour chart would require reassessing the entire bearish thesis.
#DOGE #BTC #PEARL
DOGE maintains a downward structure: each bounce ends lower, and former support has become resistance. Oversold conditions allow for a sharp rebound, so we’re waiting for the price to return to the selling zone.
We’re watching sellers’ reaction in the broader $0.0665–0.0768 area. The nearer zone is $0.0665–0.0695, with $0.0711–0.0768 above it. The basis for entry is a failure to continue rising and a move back below the tested level. A mere touch of the zone is not considered a signal.
Once the decline is confirmed, the nearest target is $0.0630. Next, we’re looking at $0.0600 and the $0.0570–0.0575 area. The price had already reached the nearest target before this scenario was prepared; it will become a new trade target only after a new confirmed entry from resistance.
A move back above $0.0695 and holding there would weaken selling from the nearer zone. A sustained recovery above $0.0768 on the 8-hour chart would require reassessing the entire bearish thesis.
#DOGE #BTC #PEARL