$DOGE pumped after clearing the lower side liquidity and now is trading above $0.165. There are two things:

First, this is the market's bull trap to trap long positions, and it's gonna go further down after a little pump.

Or secondly, it may be recovering from the recent market volatility.

The chances of the first one are higher than the second.

Right now, the market direction is unclear, and it will create some fake movements to trap traders.

A good or further bad news can make its direction clear.

Use small position sizes in these situations, and as I said earlier, it's a good time to do some buying in spot.

Don't fall for the traps!"