Interesting moment developing on DOGE 4H right now.
4H rising trendline being tested. Price sitting right at $0.1000 psychological level.
Two valid scenarios:
Fake breakdown:
Price sweeps below $0.1000 briefly — classic liquidity grab below a round number. Smart money grabs liquidity then snaps back above trendline. Continuation upward resumes.
Real breakdown:
4H candle closes below trendline with volume confirmation. Price heads back toward $0.0980 support. Bearish structure continues.
What I'm watching:
The 4H candle close. A wick below $0.1000 that closes back above = fake. A full close below with momentum = real.
Not calling direction until candle confirms.
Key levels:
Resistance: $0.1040
Support: $0.0980
1D OB: $0.0927-$0.0945
Using SMC — liquidity and order blocks across multiple timeframes.
Fake or real breakdown — what's your read?
Reference: https://coinmarketcap.com/currencies/dogecoin
