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DOGE

Dogecoin: $307K Short Liquidation at $0.232 Signals Short-Covering Rally

I note Dogecoin experienced $307K of short liquidations at $0.232, forcing short-sellers out near that level.

I view this as a bullish micro-structure signal that can create short-covering momentum, though it doesn't guarantee a sustained uptrend.

I will watch for follow-through above nearby resistance or a retest of $0.232 for confirmation before increasing exposure.

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Analysis

The $307K short squeeze at $0.232 indicates concentrated short interest and short-covering; this can produce a temporary lift in price as shorts are forced out and buyers step in. Confirmation require...

Recommendation

Treat this as a short-term bullish signal: consider buying on confirmed follow-through above resistance or on a disciplined pullback toward $0.232 with tight risk controls and small position sizing.

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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