DOGE gave back its whole breakout in under a day, and I'm watching to see if it can hold the spot where the move started.
On the 1h, I watched price chop sideways for days, then run hard to 0.0838. All of that is gone now. We're at 0.0792 with the 24h low at 0.07878. I'm not calling a bounce yet. The sell-off candles were big and volume picked up on the way down, so sellers still have momentum.
What caught my eye is the zone itself. The old range floor has a cluster of lows around 0.0785 to 0.0788, so I think there's sell-side liquidity sitting just below. Price has already tapped into it and bounced a little. I could see it sweep those lows and snap back, but I could also see it slice right through.
So I'm waiting for confirmation. I want price to hold above 0.07878, print a higher low, then close back above 0.0800 on the 1h. That's the top of the old range and a round number, so I expect sellers there. Until it clears, I'm treating this as a bounce attempt, not a reversal.
$DOGE
DOGE/USDT · 1h · Long (conditional)
- Entry: 0.0788 – 0.0793
- TP1: 0.0800
- TP2: 0.0820 (where price spent time on the way up)
- TP3: 0.0838 (24h high)
- SL: 0.0784
If it works, I expect 0.0800 first, and a clean close above it opens 0.0820. If price closes below 0.0784, I'm out. The idea is dead, and the next support I can see is around 0.0761. I won't average down into that.
I'm keeping my size small, placing the stop before I enter, and planning to take partials at TP1. This is a reaction trade at a level, not a sure thing.
#ChinaSeeksToSeize61800BTC
#EarningsSeason
#ZcashDevelopersConfirmNovemberDateForNU7Upgrade
#OCCIssuesFirstFinalRuleUnderGENIUSAct
On the 1h, I watched price chop sideways for days, then run hard to 0.0838. All of that is gone now. We're at 0.0792 with the 24h low at 0.07878. I'm not calling a bounce yet. The sell-off candles were big and volume picked up on the way down, so sellers still have momentum.
What caught my eye is the zone itself. The old range floor has a cluster of lows around 0.0785 to 0.0788, so I think there's sell-side liquidity sitting just below. Price has already tapped into it and bounced a little. I could see it sweep those lows and snap back, but I could also see it slice right through.
So I'm waiting for confirmation. I want price to hold above 0.07878, print a higher low, then close back above 0.0800 on the 1h. That's the top of the old range and a round number, so I expect sellers there. Until it clears, I'm treating this as a bounce attempt, not a reversal.
$DOGE
DOGE/USDT · 1h · Long (conditional)
- Entry: 0.0788 – 0.0793
- TP1: 0.0800
- TP2: 0.0820 (where price spent time on the way up)
- TP3: 0.0838 (24h high)
- SL: 0.0784
If it works, I expect 0.0800 first, and a clean close above it opens 0.0820. If price closes below 0.0784, I'm out. The idea is dead, and the next support I can see is around 0.0761. I won't average down into that.
I'm keeping my size small, placing the stop before I enter, and planning to take partials at TP1. This is a reaction trade at a level, not a sure thing.
#ChinaSeeksToSeize61800BTC
#EarningsSeason
#ZcashDevelopersConfirmNovemberDateForNU7Upgrade
#OCCIssuesFirstFinalRuleUnderGENIUSAct
