$DOGS 4H
#DOGS continues to look incredibly weak against the market.
After the impulse, they couldn't push the price above $0.0001002, meaning we didn't get any solid confirmation for a continuation of the pump.
For now, this seems more like a typical liquidity warm-up before a new phase of depreciation.
If this is indeed playing out as a classic market maker scenario like DWF Labs, I wouldn't be surprised to see a gradual dump back down to the base of the entire impulse around $0.0000379.
Such movements usually shake off the remaining faith of the crowd before the next run-up cycle.
So right now, the key question for me isn't when the x's will come, but whether the current structure can even hold.
Until the asset regains control above $0.0001002, I see any local bounces more as an opportunity to offload than the start of a new trend.
#DOGS continues to look incredibly weak against the market.
After the impulse, they couldn't push the price above $0.0001002, meaning we didn't get any solid confirmation for a continuation of the pump.
For now, this seems more like a typical liquidity warm-up before a new phase of depreciation.
If this is indeed playing out as a classic market maker scenario like DWF Labs, I wouldn't be surprised to see a gradual dump back down to the base of the entire impulse around $0.0000379.
Such movements usually shake off the remaining faith of the crowd before the next run-up cycle.
So right now, the key question for me isn't when the x's will come, but whether the current structure can even hold.
Until the asset regains control above $0.0001002, I see any local bounces more as an opportunity to offload than the start of a new trend.