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Nobody expected $DOGE to wake up like this, but here we are.
The daily chart is looking surprisingly clean after that massive push from the 0.09 area. We hit a local ceiling at 0.112 and now we’re just hovering around 0.108. Usually, after a vertical move like that, you’d expect a nasty dump, but it’s actually holding the upper range pretty well.
Support is sitting firm around 0.102 now. As long as we stay above that, the structure remains bullish. If we can flip 0.112 into support on the next attempt, there isn't much standing in the way of a run toward 0.125.
Volume is still decent but starting to taper off a bit, so I’m watching for a fakeout. I wouldn't be surprised to see one more dip to shake out the late longs before the next leg up.
Are we looking at a genuine trend reversal or just another meme pump that’s going to fizzle out by tomorrow? I'm holding my position but keep the stops tight.
##FedHoldsRateButDividesDeepen