This was purely the market being in a good mood and casually tossing out some gold coins, which happened to land right on my head. During the repeated intraday swings,
$DOGE tested the downside several times without breaking through the key level, while buying pressure clearly strengthened. I entered a long at 0.08454.
I was thinking clearly at the time: the biggest fear with this kind of move is a lack of support, but what I saw was more buyers stepping in the lower it went. Since the level wasn’t bad, there was no need to overthink it—set the stop-loss and let the market do its thing.
A