This feeling often causes Long traders to become complacent. RSI after RsiLE is moving sideways and not expanding, indicating that buying pressure is only sufficient to temporarily hold the price. Structurally, DOGE is still forming lower highs, with no signs of breaking the bearish structure. Recent green candles are small and uneven, while even slight selling pressure causes the price to slide down again.
This is not the behavior of a market ready to reverse, but rather the market is resting before choosing a direction. Shorting in a retracement like this is a familiar choice for trend followers.
DOGEUSDT
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