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DOGE

DOGE $79K Short Liquidation at $0.232 Suggests Short-Term Bullish Pressure

I see a $79.1K short liquidation in DOGE executed around $0.232, which removed bearish exposure and likely added short-term buying pressure.

I view this as a bullish micro-signal rather than a trend reversal; momentum may lift price temporarily but confirmation is needed before committing sizeable capital.

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Analysis

The large short liquidation at $0.232 indicates forced buying to cover shorts, which can push price up in the near term. However, a single liquidation is not conclusive — volume, orderbook depth, and ...

Recommendation

Consider a buy-on-weakness approach: wait for pullback or confirmation of follow-through momentum, size positions modestly, and use tight stops given the potential for quick reversals.

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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