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DOGE

$95K DOGE Short Liquidation at $0.239 — Short-Term Bullish Signal

I noticed a sizable short liquidation on Dogecoin: $95.3K of shorts were liquidated at $0.239.

I view this as a short-term bullish signal since forced coverings can push price higher briefly, but the move may be transient without sustained buying interest.

I’ll watch price action and volume around current levels and key resistances before committing more capital.

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Analysis

The liquidation indicates short-covering pressure that can create a short-lived pop in DOGE. The size is meaningful but not massive relative to overall market liquidity, so follow-through depends on f...

Recommendation

Monitor price and volume; consider watching for confirmation rather than buying immediately. If momentum and volume confirm, consider small entries or a buy on pullback.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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