DOGE Long Liquidation at $0.228 Signals Short-Term Weakness
I had a DOGE long liquidated for $76.2K at $0.228, which shows a clear failure of bullish conviction at that price.
I see this as evidence of increased selling pressure and short-term volatility — likely a stop-loss cascade rather than a sustainable bullish move.
I will avoid adding new longs until DOGE stabilizes and reclaims nearby resistance or establishes a clear support base.
Analysis
Recommendation
Sell or stand aside for now — avoid initiating new long positions and consider trimming existing long exposure until DOGE shows clear stabilization or a decisive reclaim of resistance.
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.