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DOGE long liquidated at $0.225 — short-term bearish pressure
I recorded a Dogecoin long liquidation of $41.2K when the price hit $0.225.
This liquidation likely reflects forced deleveraging and adds short-term selling pressure; it doesn't necessarily change the longer-term narrative for DOGE but increases near-term volatility.
I will watch volume and price reaction at nearby supports before considering any new long exposure.
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Analysis
The $41.2K liquidation at $0.225 indicates leveraged long positions were forced out, creating transient selling pressure and heightened volatility. Given DOGE's liquidity, a single liquidation of this...
Recommendation
Don't chase a rebound. Wait for clear signs of absorption (decreasing sell volume, sustained bids) or a retest and hold of support before adding exposure; consider small buy-on-weakness entries only a...
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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