Technical analysis by MMBTtrader about Symbol DOGE: Buy recommendation (2 hour ago)

The market has undergone a severe correctional phase, with declines exceeding 70% from previous highs—a movement that technically qualifies as a bear market cycle rather than a simple pullback. At these oversold levels, we may anticipate a potential technical rebound or relief rally. However, such upward movements should initially be viewed as corrective within the larger bearish structure unless key resistance levels are reclaimed with strong volume and sustained momentum. Traders should monitor for signs of market stabilization and potential reversal patterns forming on higher timeframes, while remaining cautious of false breakouts or bear market rallies—often referred to as 'dead cat bounces'—that may temporarily lift prices before the primary downtrend resumes. DISCLAIMER: ((trade based on your own decision)) <