DOGE showing an interesting development on 4H.
Price has been forming a descending wedge since the highs. Currently attempting a breakout above the wedge resistance.
Key levels:
\* IFVG zone: $0.0990-$0.1000 — now acting as support
\* 4H OB: $0.0975-$0.0980 — held perfectly
\* Wedge resistance: \~$0.1015-$0.1020
What I need to see:
A clean 4H candle close above wedge resistance with volume to confirm. Until then this is just an attempt.
1D structure still bearish — this could be a relief rally not a reversal.
Using SMC — OBs and FVGs across multiple timeframes.
Breakout confirmation or rejection — what's your read?
Reference:https://coinmarketcap.com/currencies/dogecoin
