Good morning, $DOGE just swept the 0.08229 lows and printed a sharp bounce. Is this a liquidity grab or a real reversal?
The 4H chart shows a clear rejection from 0.09515, followed by a sharp drop to the 0.08230 zone. The immediate bounce to 0.0844 is encouraging, but the market structure remains fragile. For $DOGE, I’m watching for a 4H close above 0.08500 to confirm momentum. If buyers reclaim 0.08667, the next logical target is the 0.09077 mid-range resistance. However, if $DOGE loses 0.08229 on a closing basis, the bounce thesis is invalidated, and I would expect further downside. I’m not chasing this green candle; I want the confirmation.
Are you buying this bounce, or waiting for a confirmed reclaim of 0.08667? Follow for more market analysis.
The 4H chart shows a clear rejection from 0.09515, followed by a sharp drop to the 0.08230 zone. The immediate bounce to 0.0844 is encouraging, but the market structure remains fragile. For $DOGE, I’m watching for a 4H close above 0.08500 to confirm momentum. If buyers reclaim 0.08667, the next logical target is the 0.09077 mid-range resistance. However, if $DOGE loses 0.08229 on a closing basis, the bounce thesis is invalidated, and I would expect further downside. I’m not chasing this green candle; I want the confirmation.
Are you buying this bounce, or waiting for a confirmed reclaim of 0.08667? Follow for more market analysis.
