Technical analysis by dukeposh about Symbol DOGE: Buy recommendation (8/2/2025)

DOGE - retraced at the confluent support zone, high potential pullback buy position: - SMA50 Dynamic support—often attracts mean-reversion buys. - cup & handle support retest Price retested prior breakout zone—flips resistance to support. - key 38% Fib “sweet spot” pullback level after corrective moves. - Previous Change of Character marks shift from bearish to bullish structure—support confluence. Potential Entry & Risk Management Entry Zone - Aggressive: immediate handle breakout support - Conservative: Wait for liquidity pattern and re-bounce confirmation candle above SMA50 Stop-Loss -Below Cup Handle low -10% larger position prior swing high RR:2.5/1 -Suggested SL: previous low -0.17 USDT - 5% below entry Initial Targets -Key resistance 61.8% Fib retracement — 0.217 USD -100% Prior swing high — 0.26 USD -162% Next extended target - 0.35 USD Trade Rationale -Mean-reversion into SMA50 and Fib 38.2% zone aligns multiple buyers. -Pattern support: Cup & handle retest confirms breakout strength. -Structure flip: CoCh zone indicates bullish regime shift. Watch-Outs -Rejection below 0.188 USD erodes support cluster—invalidates setup. -Rising volume on bounce is crucial—low-volume lifts often fail. -Beware broader market sell-offs impacting altcoins. Next Steps: -Monitor 4-hour candlestick close inside entry zone. -Check volume spike on reversal candle. -Adjust risk dynamically if price gravitates toward upper channel resistance. Always trade with affordable risk and respect your stop..