DOGE update following BTC's sharp drop today.
Bias: Bearish — structure has shifted across all timeframes. Lower lows confirmed on 1H, 4H and 1D.
What changed:
Previous support levels completely swept. Price now trading at $0.09713 with no significant defense from bulls yet.
Key level I'm watching:
1D Order Block sitting between $0.0945 — $0.0927. This is the most significant demand zone left on the chart right now.
Two scenarios from here:
Price reaches OB zone and shows reaction → possible short term relief bounce
OB gets broken with momentum → further downside likely
What I'm waiting for:
A clear reaction candle inside the OB zone before making any decisions. No entries until structure confirms.
Using SMC — tracking order blocks across multiple timeframes.
What's your read — bounce at the OB or full breakdown?
Reference: https://coinmarketcap.com/currencies/dogecoin
