$DOGE Update 🚀 | Bounce First… Trap or Launchpad? 🎯
$XAU
$DUSK DOGE is hovering around 0.096–0.10 after defending the 0.080 base.
This looks like a relief bounce, not a confirmed trend flip (yet).
📉 Structure Check:
• Still inside a falling wedge / descending channel
• Lower highs & lower lows = macro trend still bearish
• Bulls need proof, not hope
🔁 Rebound Play (Short-Term):
Price can stretch toward 0.14 – 0.17, where heavy resistance lives:
• Channel midline
• Old support → new resistance
• Major historical supply
⚠️ Likely rejection zone = profit-taking area
📉 Continuation Risk (Mid–Long Term):
Reject at 0.16–0.17 → path opens toward 0.038
• Long-term demand zone
• Potential macro bottom
• Zone for next cycle accumulation
📍 Key Levels:
Support: 0.080 → 0.038
Resistance: 0.14 – 0.17
🧠 Final Take:
Short-term upside possible, big trend still weak.
Trend changes only above resistance with acceptance & volume.
Trade the bounce, respect the structure, manage risk.
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