DOGEUSDT (DOGECOIN) - POTENTIAL BUY ENTRY

ANALYSIS 🔎
- DOGEUSDT brokeout above the descending trendline resistance.
- Price action is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- A bullish pattern to be precise.
- Price is testing the inverse head and shoulders neckline resistance.
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the inverse head and shoulders neckline resistance (R1).

TARGETS 🎯
- Fibonacci extension levels.
- Horizontal resistance level (R2).

SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal support level (S1).