DOGE – Retesting Key Support! What's Next?

📊 4H Chart Analysis DOGEUSDT.P

DOGE previously broke out of an Adam & Eve pattern, leading to a strong rally. However, price has now retraced back to the pattern's support zone, which is a critical decision point for the next move.

🔍 Key Levels to Watch
🟢 Support Zone: The previous neckline is now acting as support. A strong bounce could confirm this level as a solid demand zone.
🔴 Breakdown Risk: If price fails to hold and closes below this level, we could see a further drop to lower liquidity areas.

🎯 Possible Trade Setups
✅ Bullish Scenario (Long Entry)

Entry: Around support zone after confirmation.

Targets: First FVG zone, then major resistance.

Stop-loss: Below breakdown of support.

❌ Bearish Scenario (Short Entry)

Entry: Below the support breakdown.

Targets: Lower FVG and structural support levels.

Stop-loss: Above the reclaimed support level.

🚨 Final Thoughts
DOGE is at a make-or-break level. A bounce from here could trigger another push higher, while a breakdown may lead to further declines. Keep an eye on volume and price action before entering a trade.

📢 What do you think? Will DOGE hold support or break down? Comment below!