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The analysis reviews DOGEUSD, highlighting micro resistance between 0.1821 and 0.2022 and micro support between 0.1157 and 0.1602. It is noted that the price is currently holding at the 0.1602 level, a 38.2% retracement, which offers some support. The analysis considers the downtrend from the October 13 high. It proposes a 1-2 setup suggesting wave 2 is still unfolding. While acknowledging a potential low at 0.1157 on November 4, the analyst sees it as unlikely and expects that a break above the 0.1904 resistance is needed to confirm that a low has formed. The analyst claims that a five-wave sequence needs to be established. The analyst considers that the 0.2538 level is important because the selling pressure started on the 10th of October. The analysis infers that the price needs to break 0.2216 resistance to invalidate the downtrend.