DOGE has been in a downtrend for a long time. But at the moment of the last sharp drop there was a large volume at the bottom. This is a positive signal. Now the price starts to squeeze near the trend line, this is another positive signal. In the case of compression and breakout there may be a good opportunity to buy.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.