ANALYSIS 🔎 - DOGEUSDT brokeout above the inverse head and shoulders neckline resistance (1) and hit an ATH. - Price retraced and retested the flip horizontal support and 0.618 fibonacci retracement level. - Price action is printing the inverse head and shoulders reversal pattern at the retest area. - The inverse head and shoulders pattern is a bullish reversal pattern. - A bullish pin bar (hammer) was also formed at the retest area. - Price is approaching the inverse head and shoulders neckline resistance (2). - We could see the uptrend continuation.
BUY ENTRY ⬆️ - Breakout above the neckline resistance (2).