DOGE finding resistance near .0735 - potential for consolidation
Watching $DOGE closely this morning after the nice bounce. We're hitting some pretty clear resistance around the .0735-.0736 area, which was the daily high earlier. Had a couple of failed pushes above it, and it's since pulled back slightly from that level. To me, it looks like this could be an area where we see some consolidation or even a minor pullback if bulls can't break through convincingly soon.
My invalidation for a more significant consolidation scenario would be a sustained break and hold above .074, maybe even pushing towards .075. If we get that, then the current resistance would likely be old news and we'd be looking for higher levels. But right now, the repeated rejections at .0735 are making me cautious about an immediate continuation higher without some retesting or a deeper base being built.
Yeah, I'm seeing the same. That .0735 area definitely looks like a sticky point. Do you think there's enough volume to push through, or are we more likely to see a bit of a retrace first?