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Look at that massive wick on $DOGS . Someone just got trapped at the top.
That spike up to 0.0000493 was a pure liquidity grab. It happened so fast and then immediately dumped back down to 0.0000434. Right now, the price is just hovering and looking for direction after that fakeout.
We have some minor support sitting around 0.0000411. If it can stay above that, maybe we see another attempt to move, but that long upper wick is usually a sign that sellers are still heavy in control.
I am watching the next few hourly candles closely. If we lose 0.0000411, it is probably going back down to test the 0.0000394 lows.
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