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DOGE

Dogecoin $307K Short Liquidated at $0.232 — Short-Term Bullish

I see that a $307,000 short position in Dogecoin was liquidated at $0.232. That forced covering likely created temporary upward pressure on price.

While the liquidation is a bullish signal in the short term, the notional size is small versus DOGE’s overall liquidity, so the move may be fleeting.

I’m watching price action for confirmation and would consider adding on weakness if momentum and volume support further gains.

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Analysis

The liquidation shows short-covering and momentary bullish pressure, yet $307K is modest relative to DOGE’s market depth, so the impact may be transient unless followed by higher volume and sustained ...

Recommendation

Watch price and volume for confirmation; consider buying on weakness if follow-through appears, but keep position sizing cautious given the small liquidation size.

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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