DOGE · 1H · DOWNTREND

Both targets from my short read are now hit — 0.0674 and 0.0640 both reached, with price pushing to a low of 0.06301 before the current bounce to 0.06539. That is a completed move, not a continuation. I'm starting clean from here, and the question now is whether this is a dead-cat bounce inside the same downtrend or the beginning of something with more legs. The daily structure is still lower highs and lower lows throughout the visible window, so any long here is counter-trend and needs a higher bar. Price is sitting beneath a dense liquidation cluster at 0.0649 right now — that cluster just above current price is acting as the first ceiling, with the next dense cluster at 0.0678 above that.

The news context confirms the bearish technical backdrop: price below all four declining EMAs, Supertrend still bearish, and the broader crypto market under pressure. Longs paying shorts at 0.0073% per 8h — a mild long-side tilt, which means the crowded side is long here, making a squeeze back down the statistically more dangerous path.

My read: I'm not chasing this bounce. The move from 0.0760 to 0.0630 is spent, but I need to see price reclaim structure before I'd consider a long. A rally into the 0.0678 liquidation cluster and then a failure there is the more likely path given the daily trend. I'm watching for a rally into 0.0678–0.0701, then a 1H rejection back below 0.0665 to re-enter short. A clean reclaim above 0.0727 (the next dense cluster above) would change my view entirely and start building a counter-trend long case — but that is not today's chart.