$DOGE bounce setup or bull trap? 👀
Price is compressing just above the 0.0770 support after a sharp rejection near the top of an ascending wedge. That cooling-off move looks like a retest, but it also looks like bait for early longs.
🎯 Trigger: hold 0.0767–0.0770, and momentum can push toward 0.0820.
💥 Invalidation: lose 0.0760, and the wedge structure breaks down fast.
Late longs who chased the June 30 breakout are sitting in a tight spot right now. ⚡ If support holds, the upper boundary becomes the next magnet. If it doesn't, 0.0740 is the next real floor.
📉 The dip looks like a setup. Whether it's a trap depends on who blinks first.
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