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I looked at this $DOGS chart for five minutes straight trying to find a reason to buy, but the price action is telling a different story.
That massive wick reaching for 0.0001054 was a classic trap. We’re seeing a significant pullback now, and honestly, it’s healthy. No asset goes up in a straight line forever without some serious liquidation.
The 24h volume is still insane at over $23M USDT, showing there’s plenty of liquidity to move the needle. We’re currently hovering around 0.0000784. If the bulls can defend this level and flip it into support, we might see another leg up.
However, looking at the recent candles, the sellers are definitely leaning on the bid. If we lose this 0.0000770 floor, the next stop could be a lot lower.
It’s a high-stakes game right now. Are you holding through this dip or waiting for a cleaner entry at the bottom?
What’s your move on this one?
#GateSquareMayTradingShare #BitcoinFallsBelow80K