DOGE Short Liquidation at $0.235 — Buy on Weakness
I noted a $56.5K short liquidation in Dogecoin at $0.235, which signals forced short-covering and a short-term bullish impulse. This kind of liquidation often drives quick upside but can be followed by volatile pullbacks.
I’ll watch for follow-through volume and whether price holds above nearby support. If the market retests lower levels with reduced selling pressure, I’d consider accumulating on weakness with defined risk limits.
Analysis
Recommendation
I recommend watching price and volume for confirmation and then buying on weakness (dip buys) with a clear stop-loss — avoid chasing into a 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.