DOGE has been in pretty bad shape lately. Every single breakout attempt over the past several months has turned into nothing more than a liquidity grab — fake break, rejection, back inside the range. The chart makes this painfully clear with the same pattern playing out at least three times now.
What's different this time:
DOGE has been grinding inside this sideways channel between roughly $0.087 and $0.106 for quite some time. Both buyers and sellers have been stacking volume in here, which means when the real move comes, it should be meaningful — not just another range wiggle.
Right now we're sitting at the top of that channel again, and the question is the same as always — real breakout or another fake?
Two things can happen here:
If we get a confirmational BOS above the channel resistance, that's the green light for a bullish continuation and we go higher with some real momentum behind it. But if this plays out like the previous attempts — and the odds of that are still pretty high — price falls back inside the channel, which opens up a decent short opportunity back toward the lower boundary around $0.087.
Until that confirmational break is in, we're not chasing anything. Movement from here should be volatile either way, so patience is the play — wait for confirmation, not prediction.
If this added value, boost it forward.
Swallow Academy
What's different this time:
DOGE has been grinding inside this sideways channel between roughly $0.087 and $0.106 for quite some time. Both buyers and sellers have been stacking volume in here, which means when the real move comes, it should be meaningful — not just another range wiggle.
Right now we're sitting at the top of that channel again, and the question is the same as always — real breakout or another fake?
Two things can happen here:
If we get a confirmational BOS above the channel resistance, that's the green light for a bullish continuation and we go higher with some real momentum behind it. But if this plays out like the previous attempts — and the odds of that are still pretty high — price falls back inside the channel, which opens up a decent short opportunity back toward the lower boundary around $0.087.
Until that confirmational break is in, we're not chasing anything. Movement from here should be volatile either way, so patience is the play — wait for confirmation, not prediction.
If this added value, boost it forward.
Swallow Academy
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Telegram: t.me/+fiEDSn7M9pJkODA0
Telegram: t.me/+fiEDSn7M9pJkODA0
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Telegram: t.me/+fiEDSn7M9pJkODA0
Telegram: t.me/+fiEDSn7M9pJkODA0
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.