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DOGE is currently retesting a previous resistance level as support, which is a classic bullish structure if it holds. We just hit the oversold zone on the 4-hour RSI, adding weight to a potential bounce from here. If we break below the grey box, we could see a deeper move toward the range lows, so that area is key.
But looking at the 4-hour liquidity setup, the most likely scenario is still a rebound from this zone, with a target toward 0.125. There is a lot of macro noise right now, and that is spilling into crypto, so expect some chop. The chart is telling a different story than the current price action, and that tension is exactly where the opportunity lies.
Stay sharp.
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