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$DOGE DOGE is now around 0.092860 USDT.
Do you think we should keep grinding higher here, or is it about time for a pullback?
If I were to give a conclusion first, I’d lean more toward: it looks like a high-level divergence, not suitable for continuing to chase long.
Here’s my main reasoning:
First, the continuation after a rally is generally weak, and chasing long can lead to getting caught in an awkward position.
Second, the high-level divergence is starting to widen, making it more likely to undergo a short-term shakeout first.
To add one more point, if the 5-minute chart reclaims the key level, the 15-minute chart reclaims the previous high, or if a breakdown forms a higher low, those would all be invalidations.
My targeted entry point: 0.093603 USDT
Initial take-profit level: 0.088031 USDT
Support reference: 0.095832 USDT
But the biggest risk here is that the bears might not have fully gained momentum and could be squeezed out first.
If it were you, would you prefer to go long and watch a bit longer, or just stay away altogether?