DOGE continues to decline and shows weak performance, previously exacerbated by the public feud between Musk and Trump.
As the impact of the event gradually dissipates, the daily chart shows signs of a bottoming: although it has only formed a bat harmonic pattern with a retracement of 0.681, it has touched the support of the rising trend line, suggesting a potential buy signal.
Trading strategy:
Long position: Enter at market price, stop loss: 0.166
Take profit targets: around 0.187, 0.204
