DOGEUSDT|Pullback Confluent Support -cup&handle next ext. +80%

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..