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DOGE

DOGE $169K Short Liquidated at $0.233 — Short-Covering Boost

I noticed a $169K short on Dogecoin was liquidated at $0.233. I view this as evidence of short-covering and a short-term bullish impulse in DOGE price action.

I expect the liquidation to create temporary upward momentum, but I remain cautious about follow-through without broader volume or trend confirmation.

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Analysis

The $169K short liquidation at $0.233 likely triggered a short squeeze, producing immediate upside pressure. However, single liquidation events can be transient unless supported by increased volume, p...

Recommendation

Monitor volume and recent trend; consider buying on confirmed pullbacks or only after seeing sustained buying — avoid chasing a fast spike.

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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