The descending channel that controlled price for weeks has now been broken to the upside.

After the breakout, the market is pulling back to retest the broken channel resistance, which is now acting as support. This is a classic breakout and retest setup. Instead of rejecting from the upper boundary, price is attempting to hold above it.

As long as price holds above the broken channel line and the 0.068 to 0.070 support zone, the breakout remains valid. In that case, continuation toward 0.10.

If price loses the broken channel level and closes back inside the structure, the breakout would be invalidated and downside continuation toward 0.050 becomes the higher probability scenario.

Right now this is a structural shift test.
Hold above the channel confirms bullish continuation.
Failure reopens bearish pressure.

On the weekly timeframe, DOGE shows a cup and handle formation that developed after the 2021 peak. That accumulation phase led to a strong impulsive move into 2024–2025, confirming a major higher timeframe reversal from the cycle lows.

Since printing the recent local high near 0.48, price has been correcting inside a descending channel. This pullback structure is controlled and orderly, not impulsive, which suggests corrective behavior rather than a full macro trend reversal.

Currently, price is approaching the lower boundary of the weekly descending channel around 0.08 to 0.09. This zone is a critical higher timeframe support level. It also aligns with previous breakout structure and liquidity from the prior consolidation.

If buyers defend this channel support and price breaks above the descending resistance, the next macro leg could target 0.30 first, then potentially a retest of 0.43. A confirmed breakout from the weekly compression structure would open the path toward much higher expansion targets.

However, a clean breakdown below 0.079 would invalidate the corrective channel thesis and shift structure back toward deeper retracement levels.

Right now this is macro compression within a broader bullish cycle.
The weekly reaction here will define the next multi month move.

Berkshire Hathaway is now sitting on a record $382 billion in cash, cash equivalents, and U.S. Treasury bills, according to recent filings.

The sharp rise in liquidity suggests a highly defensive positioning strategy, as the company has reduced equity exposure and increased short term Treasury holdings. Historically, such large cash build ups have preceded major deployment during market corrections.

There isn’t just one way to win in the market.
Different traders, different styles.

1️⃣ Breakout Trading
Wait for price to break a key level. Enter with momentum.

2️⃣ Retest Entries
Let price break first, then enter on the pullback confirmation.

3️⃣ Fundamental Trading
Follow major news and macro direction. Trade with the bigger narrative.

4️⃣ Scaling In
Build your position step by step at key levels like Fibonacci or support zones.

The key is not using all of them randomly.
Pick one. Master it. Execute with discipline.

Now the market is pulling back to retest the broken channel resistance, which is attempting to flip into support around the 1.24 to 1.26 zone. This is a classic breakout and retest structure.

If this retest holds and buyers defend the broken trendline, continuation toward 1.30 is likely first. A strong break above 1.30 opens the path toward 1.50 and beyond as momentum expands.

However, if price fails to hold above the broken channel and closes back inside the structure, that would invalidate the breakout and expose 1.14 to 1.12 support near the lower boundary again.

Right now this is a confirmation phase.
Hold above the retest zone confirms bullish continuation.
Loss of structure reactivates the downtrend.

Order Types Every Trader Should Know

Understanding order types helps you control how and when your trades execute.

🔹 Market Order
Buy or sell instantly at the current market price.

🔹 Limit Entry
Set a specific price to buy below the market or sell above it.

🔹 Stop Entry
Enter a trade only after price moves past a certain level, usually used for breakout trades.

🔹 Stop Loss
Automatically closes your trade if price moves against you to limit losses.

Knowing how to use these orders properly is one of the most basic but powerful skills in trading.