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Wait, are we actually looking at a breakout or just another trap?
$DOGE is sitting right at 0.11020 and the price action is getting tight. We saw that rejection at 0.117 recently, but the bulls are holding the higher lows for now.
Looking at the order book, the sell side is slightly heavier at 53%, so there’s definitely some overhead pressure here. If we can’t clear this zone soon, I’m expecting a quick flush back down to the 0.105 support to find more liquidity.
The volume is decent but not explosive yet. I’m staying patient. If we flip 0.112 into support, things could get interesting fast. Otherwise, it’s just chop.
What are you guys doing here, longing the dip or waiting for the breakdown?
#BTCBackAbove80K #GateSquareMayTradingShare