Quick DOGE update from yesterday's analysis.
What happened:
Price reached the 4H Order Block and showing early upward reaction as expected.
But here's the conflict:
1D timeframe structure remains bearish — lower lows still intact. This bounce could just be a short term relief move, not a reversal.
Key zones right now:
IFVG sitting directly above current price — could act as resistance
4H OB: $0.0960—$0.0980 — now acting as support
1D OB below: $0.0927—$0.0945 — still the major level
What I'm watching:
Can price push through the IFVG or does it reject here and continue lower?
No confirmation of reversal yet on higher timeframe.
Using SMC — FVGs, OBs across multiple timeframes.
What's your read — dead cat bounce or real reversal?
Refference:https://coinmarketcap.com/currencies/dogecoin
