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$DOGE DOGE is now around 0.090790 USDT.
Do you think we should keep grinding higher here, or is it about time for a pullback?
If I had to give a conclusion first, I’d lean more towards: it looks like a high-level divergence, not suitable for chasing longs.
Here’s my main reasoning:
First, the order book shows some signs of stagnation, so continuing to chase upward isn’t worth it.
Second, the momentum after a spike is usually weak, and chasing longs could land you in an awkward position.
To add one more point, I only trade high-level sentiment coins; I avoid low-level slow-rising coins and weak coins that have already fallen apart.
The entry point I’ll be watching: 0.091516 USDT
Estimated target price: 0.086069 USDT
Support level reference: 0.093695 USDT
But the biggest risk at this level is that the bears might not have gained strength yet and could be squeezed out first.
If you were trading here, would you go long first, watch a bit longer, or just stay out altogether?