when the fed cuts rates but your meme coin still can't break resistance... classic case of "buy the rumor, sell the news" except nobody bought the rumor either š¤”
$DOGE sitting at $0.1425 resistance while volume stays elevated tells us everything about current market structure. that double bottom pattern near 0.13000 support looks tempting, but remember - patterns mean nothing without confirmation
the real lesson here? macro events don't automatically translate to risk-on behavior in crypto anymore. we're seeing institutional-level thinking creep into retail assets. when fed easing fails to spark rallies, it usually means deeper structural issues
key zones to watch:
ā¢ support: 0.13000-0.13500 (critical hold)
ā¢ resistance: 0.16000-0.17000 (target if we bounce)
ā¢ invalidation: break below 0.13000
this is textbook market microstructure - price discovery happening in real time while algos battle it out at key levels. position sizing and risk management matter more than your hopium right now
not financial advice, just observing the beautiful chaos of markets doing market things š
