Is it just me or did everyone actually think this was heading to zero this morning.
Looking at this
$DOGE chart, that massive wick toward the bottom was a total stop hunt.
The way it just snapped back up shows that the big players were just waiting to scoop up cheap coins from the panic sellers.
We’ve had a solid run back up since then, but now we’re hitting a bit of a wall. The candles are starting to get smaller, which usually means the initial momentum is cooling off.
The order book is looking a bit heavy on the sell side right now, so I wouldn’t be surprised if we retest a lower leve