DOGE · 1H · UPTREND

My last read on DOGE was a short that got stopped out — and looking at this chart now, the reason is obvious. Price exploded out of the 0.0700 consolidation zone that had contained it for weeks, launching a near-vertical move from 0.0700 all the way to 0.1020 before pulling back. The White House crypto meeting headline catalyzed that move and it showed up in full force on this chart. I was on the wrong side of a structural regime change, and I'm not fighting what the chart is now telling me — this is a new uptrend with a legitimate base.

Current price is 0.08928, sitting in a consolidation zone between roughly 0.0880 and 0.0940 after the spike to 0.1020. Price has been compressing in this band for roughly two to three days. The short MAs are rising steeply into price from below — this reads as a time correction, not a price correction. Price is holding the range, not making lower highs. Sellers have had their shot and failed to push this materially lower. The trigger I'm watching is a break of the range high around 0.0940, which opens the path back toward the 0.1020 spike high and beyond.

Funding is a mild positive at 0.0100% per 8h — longs paying shorts, but not extreme enough to signal a squeeze risk. OI is substantial at $71M. The liquidation cluster at 0.0942 is dense and sits right at my confirmation level — a clean break through there sweeps those shorts and accelerates the move. Clusters above at 0.0961 and 0.0983 are waypoints, not targets. My measured move from the base of this consolidation (roughly 0.0880 to 0.0940 = 60 pips wide) projects to approximately 0.1000 minimum. The prior spike high at 0.1020 is the natural first target. Below, the dense liquidation cluster at 0.0871 is the line I'm watching for invalidation — a close below that tells me the consolidation has failed and the range is breaking down.

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