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DOGE

DOGE Short Liquidation Signals Short-Squeeze Risk

I observed that Dogecoin shorts worth $83.4K were liquidated at $0.234.

This forced short-covering suggests a short squeeze and short-term bullish impulse, but I’ll wait for follow-through before committing significant capital.

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Analysis

The $83.4K short liquidation at $0.234 is a sign of forced buying that can produce a temporary price spike. Confirmation requires sustained volume and price staying above that level; absent that, the ...

Recommendation

I will watch price and volume for confirmation. Consider small long exposure only after clear follow-through or use a buy-on-weakness approach; avoid chasing a single liquidation event.

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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