Technical analysis by Ikeyhan about Symbol DOGE: Buy recommendation (12 hour ago)

🔎 Chart Context •Pair: DOGE/USDT •Exchange: Binance •Timeframe: 1D (Daily) •Date: 21 August 2025 This chart applies price action, supply & demand zones, and liquidity sweeps to map DOGE’s likely paths. 📊 Key Observations 1.Market Structure •DOGE bottomed at 0.129 – 0.142 zone earlier in the year. •A bullish change of character (CH D) occurred around 0.193, shifting bias upward. •Since then, price has established higher lows (0.164, 0.168, 0.188) and higher highs (0.259, 0.2875) → confirming an uptrend on the daily timeframe. 2.Support & Demand Zones •0.188 – 0.206 zone: Strong demand, aligned with previous accumulation and mitigation. •0.164 – 0.168 zone: Secondary demand if the higher zone fails. •0.142 – 0.129 zone: Long-term base and ultimate defense for the bullish structure. 3.Resistance & Supply Zones •0.259 – 0.2875 zone: Heavy supply, marked as the upside target. •Price has rejected this zone twice, indicating strong liquidity resting above. •A breakout above 0.2875 would expose the next major resistance at 0.320 – 0.340. 4.Liquidity Behavior •Below: liquidity pools around 0.188 (recent HL) and 0.168 (old base). •Above: liquidity above 0.259 and especially 0.2875, where many stop orders cluster. •The projection suggests a sweep lower into 0.188, then a bullish continuation toward 0.2875. 📈 Bullish Scenario (Higher Probability) •Price retraces into 0.188 – 0.206 demand zone. •Buyers defend the zone, leading to a reversal. •Path: bounce → reclaim 0.23 → push into 0.259 → liquidity grab at 0.2875. •A successful break of 0.2875 confirms continuation toward 0.320 – 0.340. 📉 Bearish Scenario (Lower Probability) •Failure to hold 0.188 demand zone leads to a deeper correction. •Next downside targets: •0.168 (secondary demand) •0.142 – 0.129 (long-term accumulation zone) •This would still keep DOGE inside a macro bullish accumulation, unless 0.129 breaks. ⚡ Trading Plan •Long Setup (Preferred Play): •Entry: 0.188 – 0.206 zone •TP1: 0.259 •TP2: 0.2875 •TP3: 0.320 – 0.340 extension •Stop-loss: Below 0.188 or conservative below 0.168 •Short Setup (Countertrend, Risky): •Entry: 0.259 – 0.2875 supply zone rejection •TP: 0.206 – 0.188 demand zone •Stop-loss: Above 0.29